Singapore Dollar Weakens Ahead of Fed Rate Decision
Dow Jones
2 hours ago
0302 GMT - The Singapore dollar weakens against its U.S. counterpart in the Asian session ahead of the Fed's policy decision later Wednesday. A rate increase is now largely priced in, but uncertainty extends beyond this meeting, OCBC foreign-exchange strategist Christopher Wong says in a note. The key question is whether the Fed regards the potential rate increase as sufficient for now, or it would signal further tightening. The U.S. dollar rises 0.1% to S$1.2730, LSEG data shows.
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