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2026-02-16 10:49:50
The Singapore dollar weakened slightly against the US dollar during Asian trading hours amid thin holiday trading, influenced by potential position adjustments. The US dollar rose 0.1% against the Singapore dollar to 1.2620 Singapore dollars. The Commonwealth Bank of Australia's global economics and markets research team stated in a research report that the US dollar is likely to consolidate this week. The team indicated that US economic data to be released this week, including the minutes of the Federal Open Market Committee (FOMC) January meeting and the Personal Consumption Expenditures Price Index (PCE), are unlikely to substantially change market pricing in a Federal Reserve rate cut. The team added, "The market currently sees a high probability of a rate cut in June, and that's our view as well."
