Singapore Dollar Weakens Ahead of U.S. Inflation Data
Dow Jones
Aug 12
0242 GMT - The Singapore dollar weakens against the greenback in the Asian session, as investors await U.S. inflation data. The data will be a key catalyst for market pricing ahead of the September FOMC meeting, which is currently seen as a near-even split between a rate hike and a hold, OCBC Group Research FX strategists say in a report. A core CPI reading of 0.3% on month or higher would likely strengthen expectations of a September hike, OCBC adds. The U.S. dollar is 0.1% higher at 1.2807 Singapore dollars, LSEG data show.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.