USD/SGD Edges Lower as Fed Rate-Cut Bets Weigh -- Market Talk

Dow Jones04-24

0446 GMT - USD/SGD edges lower in the afternoon Asian session, weighed by bets for Fed rate cuts which would undermine appeal of U.S. fixed-income assets and demand for the greenback. Weak U.S. economic data released overnight such as preliminary manufacturing PMI have contributed to USD's decline, Maybank analysts say in an FX Research & Strategy note. Fed fund futures now imply 42bps worth of rate cuts this year, slightly more than before the PMIs' release, the analysts say. USD/SGD is down 0.1% at 1.3597. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 24, 2024 00:46 ET (04:46 GMT)

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Weak U.S. ...</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":"2429053131","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429053131","pubTimestamp":1713933960,"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":"0446 GMT - USD/SGD edges lower in the afternoon Asian session, weighed by bets for Fed rate cuts which would undermine appeal of U.S. fixed-income assets and demand for the greenback. 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