0257 GMT - USD/SGD consolidates during the Asian session as traders assess Fed Chair Powell's congressional testimony overnight. Powell spoke about needing "more good data" to strengthen confidence on inflation moving to the Fed's 2% target before starting the easing cycle, Maybank analysts say in an FX Research & Strategy report. His remarks might have been perceived as slightly less dovish than markets were positioning for, given recent data which had suggested the U.S. economy is slowing, the analysts say. Currencies including SGD should consolidate ahead of U.S. June CPI data due out Thursday, the analysts add. USD/SGD is little changed at 1.3505. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 09, 2024 22:57 ET (02:57 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。