0426 GMT - USD/SGD is steady in the afternoon Asian session, supported by prospects for lessened Fed easing. There's speculation on whether the Fed's dot plot due for release at the FOMC's March meeting could show two cuts instead of three, Maybank analysts say in a FX Research & Strategy note. USD could trade better bid at the beginning of the week in Asia today, they say. Based on technical analysis, USD/SGD's resistance levels are at 1.3400 and 1.3450, while its support levels are at 1.3350 and 1.3300, they add. USD/SGD is little changed at 1.3382. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 18, 2024 00:26 ET (04:26 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments