Singapore Dollar Gains as Investors Turn to US Economic Data
The Singapore dollar strengthened against the US dollar as investors focus on upcoming US GDP and PCE inflation data. LSEG data show USD/SGD down 0.1% at 1.2802.
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what happened
The Singapore dollar strengthened against its US counterpart in the Asian session. According to Market Talk, Fed Chairman Kevin Warsh's refusal to confirm a December rate hike has shifted investor attention to upcoming US third-quarter GDP figures and September PCE inflation data.
DBS senior FX strategist Philip Wee said in a note: "A combination of resilient growth and easing underlying inflation should prompt a reassessment of the multiple 2027 Fed hikes projected by markets." LSEG data show the US dollar 0.1% lower at 1.2802 Singapore dollars.
why it matters
For markets, the key issue is the expected path of Fed rates. If the data confirm steady growth and moderating inflation, expectations for further hikes could be revised, which may weigh on the dollar against Asian currencies.
market impact
Dollar vs Singapore dollar: weaker as expectations for Fed hikes are reassessed
- USD/SGD pressure down — reassessment of the number of expected Fed hikes weighs on the dollar against the Singapore dollar
tags
instruments
sources
- Singapore Dollar Strengthens as Investors Turn to U.S. Econ Data — Market Talk, 29 October 2026 at 03:46 UTC
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