0456 GMT - USD/SGD is steady in the afternoon Asian session but may be weighed by revived bets for Fed rate cuts which would diminish the allure of U.S. fixed-income assets and demand for the greenback. Fed Chair Powell's remarks on Wednesday helped to soothe markets as he reiterated what he's been saying over recent weeks, Maybank analysts say in an FX Research & Strategy note. Powell mentioned inflation didn't "materially change" the overall picture while he sees it would likely be appropriate to begin lowering rates "at some point this year," the analysts note. USD/SGD is little changed at 1.3479. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 04, 2024 00:56 ET (04:56 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。