Singapore Dollar Edges Lower as Traders Weigh Treasury Dept's Buyback Announcement -- Market Talk
Dow Jones2026/08/20 02:440244 GMT - The Singapore dollar weakens slightly against its U.S. counterpart in the Asian session as traders weigh the Treasury Department's announcement Wednesday that it will buy back more of its longer-term debt in a bid to contain sharp rises in borrowing costs. "Given that the additional buybacks are very small and there is also no change in [U.S.] monetary policy, the USD is more likely to consolidate today rather than track lower," Chang Wei Liang, foreign-exchange and credit strategist at DBS Group Research, says in a commentary. The U.S. dollar edges 0.1% higher to 1.2718 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 19, 2026 22:44 ET (02:44 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BCV H1 FY26 net profit rises 5% to CHF 225 million; revenue climbs 2% to CHF 593 million
Arthur Hayes Uses Biblical Framing to Pitch FLOP: Here’s More Details
JPMorgan warns: Doubled US Treasury buybacks lack credibility, long-term yields may face renewed upward pressure
JPMorgan strategists have warned that the market may perceive the US Treasury's unexpected measures to curb long-term financing costs as lacking credibility.
Lighter launches native token LIT, allocates half to ecosystem growth
