Singapore Dollar Weakens Amid Fed Rate Pause Speculation

On February 5, the Singapore dollar experienced a slight decline against the U.S. dollar during the Asian trading session. According to Jin10, this movement follows a report from CIMB Treasury and Market Research Department, which suggests that market expectations are leaning towards the Federal Reserve potentially pausing its interest rate cuts. Federal Reserve Governor Cook has recently expressed caution regarding inflation, a sentiment echoed by several other Fed officials. Analysts indicate that unless inflation further eases and the labor market remains stable without significant negative surprises, the Fed's policy rate is expected to remain unchanged for some time.