0349 GMT - USD/SGD edges lower during the Asian session but could be supported by this week's Treasury auctions. The U.S. Treasury will hold auctions of two-year, five-year and seven-year government bonds starting Tuesday, totaling $183 billion, Maybank analysts say in a foreign-exchange research and strategy report. Any sign of weakness in the auctions' outcomes could drive Treasury yields higher and provide a boost to USD, the analysts say. Based on technical analysis, USD/SGD's support levels are at 1.3600 and 1.3500, while its resistance levels are at 1.3650 and 1.3700, the analysts add. USD/SGD is down 0.1% at 1.3613. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 22, 2024 23:49 ET (03:49 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments