Daly’s dovish tone boosts SGD as USD softens – MUFG analysis | investingLive
Re the Singapore dollar, supported by growing expectations of Federal Reserve rate cuts, which would make U.S. fixed-income assets less attractive and ease demand for the greenback. MUFG Bank said market sentiment has tilted toward risk-on, helped by rising confidence that the Fed could cut rates as early as December. San Francisco Fed President Mary…