USD/SGD Edges Higher, Aided by Higher Treasury Yields -- Market Talk

Dow Jones05-08

0345 GMT - USD/SGD edges higher in the Asian session, aided by higher Treasury yields that increase the allure of U.S. fixed-income assets and demand for USD. However, it seems that there are two-way risks for USD, given the markets and the Fed's projections could be rather aligned at this stage, Maybank analysts say in a foreign-exchange research and strategy report. There appears to be uncertainty on the U.S. rate path, although Fed Chair Jerome Powell has said that a rate increase would be unlikely as the next action, the analysts add. USD/SGD is up 0.1% at 1.3560. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 07, 2024 23:45 ET (03:45 GMT)

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