USD/SGD Falls, Dragged by Falling Treasury Yields -- Market Talk

Dow Jones03-21

0357 GMT - USD/SGD falls during the Asian session, dragged by falling Treasury yields which undermine the appeal of U.S. fixed-income assets and demand for the greenback. The USD seems to have weakened more considerably on Fed Chair Powell's remarks overnight, Maybank analysts say in a FX Research & Strategy note. Among his comments, Powell said a significant slowdown in the U.S. labor market "could also be a reason for us to begin the process of reducing rates." Based on technical analysis, USD/SGD's support levels are at 1.3350 and 1.3300 while its resistance levels are at 1.3400 and 1.3450, Maybank analysts add. USD/SGD is down 0.2% at 1.3371. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 20, 2024 23:57 ET (03:57 GMT)

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Among his comments, Powell said a significant slowdown in the U.S. labor market \"could also be a reason for us to begin the process of reducing rates.\" Based on technical analysis, USD/SGD's support levels are at 1.3350 and 1.3300 while its resistance levels are at 1.3400 and 1.3450, Maybank analysts add. USD/SGD is down 0.2% at 1.3371. 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The USD seems to have ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4024","symbol_name":"房地产开发","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2421053638","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2421053638","pubTimestamp":1710993420,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0357 GMT - USD/SGD falls during the Asian session, dragged by falling Treasury yields which undermine the appeal of U.S. fixed-income assets and demand for the greenback. 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