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Singapore’s key consumer price gauge rose 5.1% in August, slightly more than forecast, driven by larger increases in the prices of services and food, official data showed on Friday.

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Most Asian currencies fell further on Friday and were headed for steep weekly losses as hawkish signals from the U.S. Federal Reserve boosted the dollar, while government intervention in currency markets supported the Japanese yen.
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U.S. Fed Chair Powell Speaks

Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2022) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar’s value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy.


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