0507 GMT - USD/SGD edges lower in the Asian afternoon session. In focus is key U.S. jobs data due later today. The greenback is tracking the yield curve lower, which continued to unwind after Fed Chair Powell said the Fed's next move is unlikely to be a rate hike, Westpac economist Jameson Coombs writes in a report. There is also some market speculation that Powell has hinted at a weak payroll number, ING economists write in a note, which may have helped pushed yields lower. USD/SGD is down 0.2% at 1.3528. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
May 03, 2024 01:08 ET (05:08 GMT)
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