According to Jinshi, Asian currencies consolidated against the dollar in early trading ahead of the release of the FOMC minutes. Sim Moh Siong, a foreign exchange strategist at Bank of Singapore, said that although the market has reduced bets on the Fed's rate cut, the debate over when it will cut rates, rather than whether it may cut rates, should continue. However, while the dollar's rebound is basically over, it may remain strong for the time being.