USD/SGD Steady, Underpinned by Higher Treasury Yields -- Market Talk

Dow Jones03-28

0430 GMT - USD/SGD is steady in the Asian afternoon session, underpinned by higher Treasury yields that increase the allure of U.S. fixed-income assets and demand for the greenback. Treasury yields have been lifted by some hawkish remarks from Fed Gov. Chris Waller overnight, Maybank analysts say in an FX research & strategy report. Waller said high inflation readings and strong job gains in early 2024 reinforce his view that "there is no rush" to cut rates. Based on technical analysis, USD/SGD's resistance levels are at 1.3500 and 1.3610, while its support levels are at 1.3400 and 1.3300, Maybank analysts add. USD/SGD is little changed at 1.3474. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 28, 2024 00:30 ET (04:30 GMT)

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Based on technical analysis, USD/SGD's resistance levels are at 1.3500 and 1.3610, while its support levels are at 1.3400 and 1.3300, Maybank analysts add. USD/SGD is little changed at 1.3474. 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Treasury yields ...</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":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422896701","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422896701","pubTimestamp":1711600200,"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":"0430 GMT - USD/SGD is steady in the Asian afternoon session, underpinned by higher Treasury yields that increase the allure of U.S. fixed-income assets and demand for the greenback. 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