Ahead of the release of the FOMC minutes, Asian currencies consolidated against the US dollar in early trading. Sim Moh Siong, FX strategist at Bank of Singapore, said that while the market has reduced bets on the Fed to cut interest rates, the debate over when it will be cut, rather than if it is possible, should continue. However, while the dollar's rebound is largely over, it is likely to remain firm for the time being.
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ArbazCrypto
· 2024-02-21 03:33
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The market has reduced expectations for the Fed to cut interest rates, and the debate over when to cut rates continues
Ahead of the release of the FOMC minutes, Asian currencies consolidated against the US dollar in early trading. Sim Moh Siong, FX strategist at Bank of Singapore, said that while the market has reduced bets on the Fed to cut interest rates, the debate over when it will be cut, rather than if it is possible, should continue. However, while the dollar's rebound is largely over, it is likely to remain firm for the time being.