USD/SGD Consolidates Ahead of FOMC Decision, U.S. CPI Data -- Market Talk

Dow Jones

Jun 12, 2024

0338 GMT - USD/SGD consolidates in the Asian session ahead of the FOMC decision and U.S. CPI data due out later today. The CPI figures are likely to stay elevated and doesn't necessarily create comfort for the Fed to pivot on policy, Maybank analysts say in an FX Research & Strategy report. The Fed is expected to remain on hold and keep a firmly hawkish tone, given there's no clear certainty just yet of softening U.S. economic data, the analysts say. There's also focus on whether the FOMC changes the dot plots, say the analysts, adding they wouldn't be surprised if the dot plot is adjusted to indicate two rate cuts this year versus three previously. USD/SGD is little changed at 1.3526. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 11, 2024 23:38 ET (03:38 GMT)

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The CPI figures are likely to stay elevated and doesn't necessarily create comfort for the Fed to pivot on policy, Maybank analysts say in an FX Research &amp; Strategy report. The Fed is expected to remain on hold and keep a firmly hawkish tone, given there's no clear certainty just yet of softening U.S. economic data, the analysts say. There's also focus on whether the FOMC changes the dot plots, say the analysts, adding they wouldn't be surprised if the dot plot is adjusted to indicate two rate cuts this year versus three previously. USD/SGD is little changed at 1.3526. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2024 23:38 ET (03:38 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>USD/SGD Consolidates Ahead of FOMC Decision, U.S. CPI Data -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUSD/SGD Consolidates Ahead of FOMC Decision, U.S. CPI Data -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-12 11:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0338 GMT - USD/SGD consolidates in the Asian session ahead of the FOMC decision and U.S. CPI data due out later today. The CPI figures are likely to stay elevated and doesn't necessarily create comfort for the Fed to pivot on policy, Maybank analysts say in an FX Research &amp; Strategy report. The Fed is expected to remain on hold and keep a firmly hawkish tone, given there's no clear certainty just yet of softening U.S. economic data, the analysts say. There's also focus on whether the FOMC changes the dot plots, say the analysts, adding they wouldn't be surprised if the dot plot is adjusted to indicate two rate cuts this year versus three previously. USD/SGD is little changed at 1.3526. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2024 23:38 ET (03:38 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4077","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2442702753","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2442702753","pubTimestamp":1718163480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0338 GMT - USD/SGD consolidates in the Asian session ahead of the FOMC decision and U.S. CPI data due out later today. The CPI figures are likely to stay elevated and doesn't necessarily create comfort for the Fed to pivot on policy, Maybank analysts say in an FX Research & Strategy report. The Fed is expected to remain on hold and keep a firmly hawkish tone, given there's no clear certainty just yet of softening U.S. economic data, the analysts say. There's also focus on whether the FOMC changes the dot plots, say the analysts, adding they wouldn't be surprised if the dot plot is adjusted to indicate two rate cuts this year versus three previously. USD/SGD is little changed at 1.3526. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4077":"互动媒体与服务","SGD":"SAFE & GREEN DEVELOPMENT CORP","FOMC":"FOMO CORP.","BK4024":"房地产开发","USD":"ProShares Ultra Semiconductors"},"translate_title":"美元/新加坡元在FOMC决定、美国CPI数据公布前盘整——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US5Y.BOND":1,"US912797GL51.BOND":0.6,"US12M.BOND":1,"US912797GB79.BOND":0.6,"US2Y.BOND":1,"SGD":1,"US912797GK78.BOND":0.6,"US912797GW17.BOND":0.6,"US3Y.BOND":1,"US30Y.BOND":1,"USD":1,"US6M.BOND":1,"US7Y.BOND":1,"FOMC":1,"US912797HE00.BOND":0.6,"US10Y.BOND":1,"USDSGD.FOREX":1,"US912797FS14.BOND":0.6},"content_text":"0338 GMT - USD/SGD consolidates in the Asian session ahead of the FOMC decision and U.S. CPI data due out later today. The CPI figures are likely to stay elevated and doesn't necessarily create comfort for the Fed to pivot on policy, Maybank analysts say in an FX Research & Strategy report. The Fed is expected to remain on hold and keep a firmly hawkish tone, given there's no clear certainty just yet of softening U.S. economic data, the analysts say. There's also focus on whether the FOMC changes the dot plots, say the analysts, adding they wouldn't be surprised if the dot plot is adjusted to indicate two rate cuts this year versus three previously. USD/SGD is little changed at 1.3526. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 11, 2024 23:38 ET (03:38 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}