Fed Rate Cut Expectations Cool, Stronger Dollar Limits Room for Asian Currencies
ChainCatcher News, according to Golden Ten Data, the latest report from CIMB Treasury and Market Research Department shows that due to market expectations that the Federal Reserve may pause interest rate cuts, the Singapore dollar slightly weakened against the US dollar during Thursday's Asian trading session. Recently, Federal Reserve Governor Cook expressed a cautious attitude towards inflation, and several other Fed officials share similar concerns. Analysis points out that unless inflation further eases and there are no major negative surprises in the labor market, the Fed's policy interest rate is expected to remain unchanged for some time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC surpasses $71,000
Euro Falls as US Dollar gains on inflation concerns, Fed rate hike bets
AMD (AMD.US) Enters the "Trillion-Dollar Quantum Track": Partners with PsiQuantum to Develop Fault-Tolerant, Practical-Scale Quantum Infrastructure and Plans to Invest
AMD announced that it has expanded its partnership with PsiQuantum to jointly design infrastructure capable of supporting the operation of fault-tolerant, practical-scale quantum computers.
While the industry faces turmoil, "Nvidia-backed" Nscale presses ahead for NYSE listing! New IPO prospectus reveals 1,344% surge in revenue but a quarterly net loss of $1.69 billion
Nscale, a "New Cloud" provider backed by Nvidia, submitted its latest filing for an initial public offering (IPO) in the United States on Thursday.
Crypto prices
More
