0516 GMT - USD/SGD edges higher in the afternoon Asian session as bets for Fed rate cuts continue to fade, bolstering the appeal of U.S. fixed-income assets and demand for the greenback. Recent U.S. inflation readings have spurred markets to trim bets further on a June rate cut, say Maybank analysts in a FX Research & Strategy report. While the Fed's dot plot released at the FOMC's December meeting indicated three rate cuts for this year, there's speculation that the number of rate cuts could be reduced, Maybank adds. USD/SGD is up 0.1% at 1.3412. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 19, 2024 01:16 ET (05:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。