0303 GMT - USD/SGD rises in the Asian session, aided by hawkish signs from the FOMC decision overnight. The FOMC's dot plot was changed to show one rate cut projected this year versus three forecast earlier, Maybank analysts say in a forex research & strategy report. There were also some expectations that the dot plot would only be adjusted to two rate cuts projected, the analysts note. Language in the FOMC statement still seemed quite firmly hawkish, though somewhat softened, the analysts add. USD/SGD is up 0.2% at 1.3490. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 12, 2024 23:03 ET (03:03 GMT)
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