Singapore Dollar Consolidates Ahead of U.S. PPI, CPI Data
Dow Jones
Yesterday
0237 GMT - The Singapore dollar consolidates against its U.S. counterpart in the Asian session ahead of U.S. PPI data and CPI data due out Thursday and Friday, respectively. FX markets are reluctant to put on fresh directional positions ahead of the data, OCBC Group Research's Christopher Wong says. The latest escalation in the Middle East conflict "keeps the inflation and Fed policy implications of higher energy prices in focus," the FX strategist adds. The U.S. dollar is little changed at 1.2645 Singapore dollars, LSEG data show.
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