Federal Reserve officials' hawkish remarks support the dollar, while the Singapore dollar remains in a sideways consolidation

According to Jin Ten, during the Asian trading session, the Singapore dollar against the US dollar maintained a sideways consolidation, but the prospect of the Federal Reserve possibly keeping high interest rates for a longer period may put it under pressure.

Analysts from CIMB International Treasury and Market Research pointed out that, given inflation remains high, Federal Reserve Governor Bowman and Richmond Fed President Barkin have both signaled that further rate cuts may take longer.