The Singapore dollar edges higher against its U.S. counterpart in the Asian session on reduced Fed rate-increase expectations following recent U.S. data. "Markets further pared expectations for Fed rate hikes over the next 12 months, after the ISM services report indicated easing cost pressures," CIMB Treasury and Markets Research analysts say in a report. The ISM services reading reinforces expectations of a less-hawkish Fed, the analysts add. The U.S. dollar is 0.1% lower at 1.2917 Singapore dollars, FactSet data show. (ronnie.harui@wsj.com)
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Singapore Dollar Edges Higher on Reduced Fed Rate-Increase Expectations — Market Talk
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The Singapore dollar edges higher against its U.S. counterpart in the Asian session on reduced Fed rate-increase expectations following recent U.S. data. "Markets further pared expectations for Fed rate hikes over the next 12 months, after the ISM services report indicated easing cost pressures," C…