The expectation of a Federal Reserve interest rate cut has cooled, and the strengthening dollar is suppressing the space for Asian currencies

According to Jin Ten's report, the latest report from the Treasury and Market Research Department of CIMB International shows that the Singapore dollar slightly weakened against the US dollar during Thursday's Asian trading session due to market expectations that the Federal Reserve may pause interest rate cuts. Federal Reserve Governor Cook recently expressed a cautious attitude towards inflation, and several other Federal Reserve officials share similar concerns.

Analysis indicates that unless inflation further slows down and there are no significant negative surprises in the labor market, the Federal Reserve's policy interest rate is expected to remain unchanged for some time.