Singapore Dollar Consolidates Before FOMC's Rate Decision -- Market Talk

0255 GMT - The Singapore dollar consolidates against its U.S. counterpart ahead of the FOMC's rate decision due out today. The U.S. dollar-Singapore dollar pair could stay range-bound into the decision, two strategists at OCBC Group Research say in a report. "A Fed hold could see a knee-jerk move lower in the pair, but follow-through may be limited if Fed Chair Warsh keeps the door open to a September hike," the strategists say. Based on daily chart, the currency pair's bearish momentum shows signs of fading while the relative strength index has risen, the strategists say, adding two-way risks are likely for now. The U.S. dollar is flat at 1.2919 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)

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July 28, 2026 22:55 ET (02:55 GMT)