The Afternoon Update with Lynlee Foo (1pm – 4pm)Money in the Market: Can the yen hit the 140-level as soon as next week?
On Money in the Market, Hongbin Jeong is joined by Philip Wee, Senior Currency Economist at DBS Bank to discuss the current currency market amid markets negatively affected by US Fed Chair Jerome Powell’s speech last Friday, where he warned there would be no respite from interest rate hikes. With expectations of further rate hikes in the US, the US dollar strengthened to a fresh 20 year high earlier this week. Philip gives more details on the effect of the US dollar on the SingDollar, the Japanese yen, the euro, and the Chinese yuan.
