Singapore Dollar Consolidates Ahead of U.S. CPI Data -- Market Talk
Dow Jones
Jul 15, 2025
0247 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian session ahead of U.S. CPI data due later today. A surprisingly strong result could extend the USD Index's recovery by affirming Fed Chair Powell's view that tariffs would boost inflation in coming months, DBS Group Research's Philip Wee says in commentary. However, President Trump's repeated criticism of Powell appeared to have dulled the USD Index's ability to rally meaningfully on diminished Fed rate-cut expectations, the senior FX strategist adds. USD/SGD is little changed at 1.2822. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 14, 2025 22:47 ET (02:47 GMT)
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