In Asian trading, the Singapore dollar strengthened slightly against the dollar, possibly due to a position correction. "The market is cautious about the US CPI data to be released later today," Maybank analysts said in a foreign exchange research and strategy note.
However, analysts said the inflation report was unlikely to significantly alter market expectations of a rate cut or further easing in September unless there were clear signs of price pressures from tariffs. They added that the tone of Fed officials had shifted to a more dovish tone and President Trump continued to press for a rate cut.
The Singapore dollar strengthened slightly during the Asian session, and the market waited with bated breath for the US CPI.
2025-08-12 05:09:22
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