0353 GMT - USD/SGD is steady in the Asian session, but may be weighed down by lower Treasury yields that could diminish the allure of U.S. fixed-income assets and demand for the greenback. "Quite a bit of U.S. superiority is already" priced into USD ahead of U.S. CPI data due Wednesday, Maybank analysts say in an FX Research & Strategy report. An inflation reading that meets consensus expectations could unwind recent hawkish market re-pricing of Fed rate-cut expectations and weaken the greenback, the analysts add. USD/SGD is little changed at 1.3477. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 08, 2024 23:53 ET (03:53 GMT)
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