Singapore Dollar Edges Higher, Supported by Fed Rate-Cut Prospects -- Market Talk
Dow Jones
Dec 12
0311 GMT - The Singapore dollar edges higher against its U.S. counterpart in the Asian session, supported by Fed rate-cut prospects. The U.S. Labor Department said Thursday that 236,000 initial jobless claims were filed last week. This figure is up from 192,000 the week before, and is higher than the 223,000 forecast by economists polled by The Wall Street Journal. "We judge that concerns around the U.S. labour market will be one factor driving the FOMC to cut interest rates further next year," said Kristina Clifton, senior economist and senior currency strategist at CBA, in a note. USD/SGD is 0.1% lower at 1.2914, FactSet data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
December 11, 2025 22:11 ET (03:11 GMT)
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