0501 GMT - USD/SGD edges higher in the Asian afternoon session as traders await the U.S. PCE data, due later in the day, for clues on the future path of the Fed's monetary policy. The focus turns to this data, Charu Chanana, head of foreign-exchange strategy at Saxo Markets, says in a commentary. Markets have pushed out expectations of Fed rate cuts for 2024, with the first full rate cut now only priced in for December, Chanana says. If the March core PCE price index comes in above 0.4% on month, it will probably fuel risk aversion, bringing USD strength, Chanana adds. USD/SGD is up 0.1% at 1.3605. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 26, 2024 01:01 ET (05:01 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。