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2025-09-18 11:05:31
The Singapore dollar weakened slightly against the US dollar during Asian trading hours, weighed down by the Federal Reserve's dovish, slightly tightening stance. "The main takeaway from the Federal Open Market Committee (FOMC) meeting and Chairman Powell's press conference was that this was a slightly tightening policy decision," Michael Wan of MUFG Bank said in a research note. The senior foreign exchange analyst said one reason for this was that Powell framed the rate cut as a risk management measure. Wan added that, therefore, the rate cut does not necessarily signal the definitive start of a series of rate cuts. USD/SGD rose 0.1% to 1.2782.
