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Federal Reserve officials' hawkish comments support the US dollar, while the Singapore dollar remains range-bound
GateNewsBot
ChainCatcher reports that, according to Jintou, during the Asian trading session, the Singapore dollar against the US dollar remained range-bound, but the prospect of the Federal Reserve maintaining high interest rates for an extended period may put pressure on it. Analysts from UOB Global Markets Research pointed out that, given the persistent high inflation, Federal Reserve Board Member Bowman and Richmond Fed President Barkin both signaled that it might take longer before further rate cuts. FactSet data shows that the USD against the Singapore dollar was little changed at 1.2698.
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