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Singapore foreign reserves mom registered at above expectations in september
Confirmed
In Short: The Singapore Foreign Reserves registered at 433.4 billion above expectations in September, adding to the global economic narrative of rising interest rate expectations.
The US Dollar strengthened on Friday, September 25, 2026, amid growing expectations of a Federal Reserve rate hike in September. The move was driven by a stronger-than-expected August US jobs report and continued pressure from rising oil prices, which have boosted expectations for central banks around the globe to raise interest rates.
According to Tradingkey, the three major US stock indices fell for the fourth consecutive trading day on September 10 Eastern Time, reflecting market concerns over rising interest rates and inflation. Meanwhile, the Federal Reserve's preferred inflation gauge cooled more than expected but remained elevated well above target in August.
The hawkish stance from the Federal Reserve has reinforced the bearish bias in the market, with the probability of a September rate hike now above 60%. This sentiment was echoed by Skyler Weinand, chief investment officer at Regan Capital, who noted that inflation was still too hot and the Federal Reserve's hands were tied.
Gold prices extended their corrections, dropping below $4,300 to a low of $4,262.45 as of the European session on September 24, reflecting the market's anticipation of higher borrowing costs. Treasury yields climbed to a new 24-year high on Wednesday, September 30, 2026, after stronger-than-expected economic growth outweighed a softer reading on inflation.
The impact of the Fed's rate hike expectations extends beyond the US, with implications for other economies, including Singapore. The latest projections suggest that inflation in the US will remain well above its 2 per cent target in 2026, potentially raising borrowing costs in Singapore as well.
Dave & Buster's shares fell nearly 14% premarket after revenue missed expectations, while Coinbase and Strategy dropped more than 4.5% each as bitcoin declined nearly 3%. Bitcoin traded near $78,700 on Monday, September 14, while XRP changed hands around $1.41.
The US Dollar's strength was also influenced by geopolitical uncertainty, with the RBA's hawkish expectations adding to the pressure on the currency. The pair weakened as the USD slipped, even as markets priced in a higher likelihood of a Federal Reserve rate increase in September.
The rising oil prices, which have surged further with WTI crude breaking back above $100 a barrel, have bolstered expectations for a September Fed rate hike, reinforcing the market's anticipation of tighter monetary policy.
The hawkish Federal Reserve comments and firm US data have reinforced rate-hike expectations, supporting the US Dollar and potentially further gains in yields, which could keep the bearish bias intact.
What this adds
The report adds to the narrative of rising interest rate expectations globally, with the Singapore Foreign Reserves exceeding expectations, reflecting broader economic trends.
The sources have not established a direct link between the Singapore Foreign Reserves and the US Dollar's strength, but the overall market sentiment supports the narrative of rising interest rates and their impact on global economies.
Background
The Singapore Foreign Reserves registered at 433.4 billion above expectations in September, adding to the global economic narrative of rising interest rate expectations.
Indonesia's foreign reserves have decreased to $146.3 billion, down from a previous figure.
What's confirmed
- The US Dollar strengthened on Friday, September 25, 2026, amid growing expectations of a Federal Reserve rate hike in September. The move was driven by a stronger-than-expected August US jobs report and continued pressure from rising oil prices, which have boosted expectations for central banks around the globe to raise interest rates.
- According to Tradingkey, the three major US stock indices fell for the fourth consecutive trading day on September 10 Eastern Time, reflecting market concerns over rising interest rates and inflation. Meanwhile, the Federal Reserve's preferred inflation gauge cooled more than expected but remained elevated well above target in August.
- The hawkish stance from the Federal Reserve has reinforced the bearish bias in the market, with the probability of a September rate hike now above 60%. This sentiment was echoed by Skyler Weinand, chief investment officer at Regan Capital, who noted that inflation was still too hot and the Federal Reserve's hands were tied.
- Gold prices extended their corrections, dropping below $4,300 to a low of $4,262.45 as of the European session on September 24, reflecting the market's anticipation of higher borrowing costs. Treasury yields climbed to a new 24-year high on Wednesday, September 30, 2026, after stronger-than-expected economic growth outweighed a softer reading on inflation.
- The impact of the Fed's rate hike expectations extends beyond the US, with implications for other economies, including Singapore. The latest projections suggest that inflation in the US will remain well above its 2 per cent target in 2026, potentially raising borrowing costs in Singapore as well.
- Dave & Buster's shares fell nearly 14% premarket after revenue missed expectations, while Coinbase and Strategy dropped more than 4.5% each as bitcoin declined nearly 3%. Bitcoin traded near $78,700 on Monday, September 14, while XRP changed hands around $1.41.
- The US Dollar's strength was also influenced by geopolitical uncertainty, with the RBA's hawkish expectations adding to the pressure on the currency. The pair weakened as the USD slipped, even as markets priced in a higher likelihood of a Federal Reserve rate increase in September.
- The rising oil prices, which have surged further with WTI crude breaking back above $100 a barrel, have bolstered expectations for a September Fed rate hike, reinforcing the market's anticipation of tighter monetary policy.
- The hawkish Federal Reserve comments and firm US data have reinforced rate-hike expectations, supporting the US Dollar and potentially further gains in yields, which could keep the bearish bias intact.
What's still developing
- The panel also analyzes President Donald Trumps foreign policy on Iran and diesel export bans.
- Falling inflation expectations trim September hike bets, but economists still expect the RBNZ to tighten.
- By William Collins, consultant in stock markets – Eurasia Business News, September 30, 2026.