Singapore Dollar Strengthens, Buoyed by Fed Rate-Cut Expectations -- Market Talk
Dow Jones
Yesterday
0324 GMT - The Singapore dollar strengthens against its U.S. counterpart in the Asian session, buoyed by expectations for Fed rate cuts that would reduce the appeal of U.S. fixed-income assets. Fed Chair Powell highlighted overnight that monetary policy may now face longer lags in influencing employment and inflation, warning that delayed action could result in "painful" job losses, MUFG Bank's Lloyd Chan notes. That reinforces expectations of further Fed rate reductions, possibly two more this year, the senior currency analyst says in a research report. USD/SGD is 0.2% lower at 1.2954, according to LSEG data. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 14, 2025 23:25 ET (03:25 GMT)
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