USDSGD USD/SGD
- 1.35337
- -0.00100-0.07%
USD/SGD News
Former Fed "hawk" Brad: Latest CPI raises hope for rate cut in September, but pace will still be slow.
Former St. Louis Fed President James Bullard said that despite the latest U.S. inflation data raising hopes of a rate cut in September, he expects the Federal Reserve's monetary easing pace to be slow.
The US dollar has risen for five consecutive weeks, hitting a new high this year as the Federal Reserve has been slow to cut interest rates.
The Federal Reserve maintains a high interest rate policy, and the US dollar continues to strengthen, reaching a new high for the year. The Swiss National Bank has continuously reduced interest rates, leading to a weakening of the Swiss franc.
Fed officials reiterated the need to see more evidence of inflation before cutting interest rates.
Federal Reserve officials reiterated that they hope to see more evidence that inflation is moving toward its 2% target before they can confidently begin to lower interest rates.
Fed's Barkin: Fed Well-positioned With Necessary Firepower
Federal Reserve (Fed) Bank of Richmond President Tom Barkin spoke to reports late Thursday, noting that the Fed has sufficient firepower to address policy issues looking forward, but will have to maintain a strict data-dependent approach as policymakers look to time rate cuts appropriately.
Forex Today: All the Looks Will Be on PMI Reports
The USD Index (DXY) rose to four-day highs near 105.70 on the back of the rebound in US yields across the curve and the dominating risk-off mood in the FX galaxy.
US Dollar Strengthens Alongside Higher US Treasury Yields
On Thursday, the US Dollar, as gauged by the Dollar Index (DXY), saw significant strength on the back of rising US Treasury yields.
US Dollar Overlooks Jobless Claims Miss, Deeper Current Account Deficit
The US dollar maintained gains over most other major currencies in early North American trade on Thursday even after weekly unemployment claims came in higher than was expected, and the current account deficit deepened.
In the week of June 15th, the USA first applied for 238,000 people, a decrease of 5,000 from the previous month.
The number of new hires has slightly increased, with the 4-week moving average reaching the highest level since September of last year.
US Initial Jobless Claims Falls Less Than Expected in Week Ended June 15
Initial claims were at a level of 216,000 in the May 18 employment survey week.
Survey: Inflation causes 46% of Americans to struggle to maintain a balance between income and expenses.
According to a latest public opinion survey, nearly half of Americans reported that recent inflation surges have made it difficult for them to maintain a balanced income and expenditure. The survey, released by Monmouth University on Wednesday, showed that 46% of Americans are currently struggling to maintain their financial situation, which is the highest record since President Biden took office and far exceeds the level during the previous administration. Monmouth University stated in its report, 'The percentage falls between 37% and 44% in public opinion surveys conducted between 2022 and 2023. In contrast, the
Singapore's Unemployment Rate Edges Up to 2.1% in Q1
Singapore's unemployment rate rose to 2.1% in the first quarter of 2024 from 1.8% in the year-ago period, preliminary data from the Ministry of Manpower on Thursday showed.
Singapore Employment Rose in First Quarter
Singapore's employment rate in the first quarter rose but continued losing momentum.
USD/SGD Consolidates Amid Lack of Catalysts -- Market Talk
0327 GMT - USD/SGD consolidates in the Asian session amid a lack of catalysts, mostly owing to the U.S. holiday on Wednesday. There's been an absence of tier-one economic data, Maybank analysts say in
Dollar Index to Trade in Range – OCBC
USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.
US Dollar Remains Bullish Against European Pro-cyclical Currencies – ING
US data and communication from the Federal Reserve (Fed) appear to be in a 'tug-of-war'. If the Fed stayed relatively dovish in the first quarter despite the slow disinflation, last week’s FOMC meeting and communication afterwards were relatively hawkish, ING FX Strategist Francesco Pesole notes.
Federal Reserve officials emphasize the need for more evidence of cooling inflation and remain cautious about the timing of a rate cut.
Zhixun Finance and Economics app learned that on Tuesday, Federal Reserve officials unanimously emphasized the need for more evidence of inflation cooling before interest rate cuts. Several officials also provided insight into the timing of interest rate cuts. Adriana Kugler, a member of the Federal Reserve Board of Directors, said that if the economic situation develops as she expects, it may be appropriate for the Federal Reserve to cut interest rates "later this year." Alberto Musalem, President of the St. Louis Federal Reserve, stated in his first important policy speech that it may take "several quarters" of economic data to support a rate cut. New York Federal Reserve President Williams (Joh
Expected to increase by 27%: the Congressional Budget Office estimates that the US government's budget deficit will be nearly $2 trillion this year.
The Congressional Budget Office (CBO) estimates that within the decade leading up to 2034, the annual deficit will be equal to or exceed 5.5% of GDP, the first time it has remained at a high ratio for over five years since 1930. The CBO expects the Federal Reserve's interest rate cut to be postponed from mid-year to the first quarter of next year.
Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'
Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday.
Top US economists warn that the Federal Reserve is playing with fire by not lowering interest rates, and it could push the economy into a recession.
According to the Zhitong Finance APP, Claudia Sahm, a former Federal Reserve employee and economist, pointed out that if the Fed does not cut interest rates now, it may risk pushing the economy into a recession. When the three-month average unemployment rate is half a percentage point higher than its 12-month low, the economy is in recession. As the unemployment level has risen in recent months, the so-called 'Sahm rule' has increasingly been discussed on Wall Street, indicating cracks in the originally strong labor market and suggesting potential trouble. This in turn has sparked speculation about when the Fed will begin cutting interest rates. (The Sahm rule is Claudi)
CBO Raises U.S. Budget-deficit Forecast to Close to $2 Trillion
The numbers: The U.S. budget deficit is projected to hit $1.92 trillion this year, up from $1.69 trillion in 2023, according to updated projections from the Congressional Budget Office released Tuesday.