USD/SGD Steady, Underpinned by Higher Treasury Yields -- Market Talk

Dow Jones07-18

0259 GMT - USD/SGD is trading steadily in the Asian session, underpinned by higher Treasury yields, which increase the allure of U.S. fixed-income assets and demand for the greenback. However, the USD Index could be weaker in July on a seasonal basis before strengthening in August and September, Maybank analysts say in a FX Research & Strategy report. Wednesday's price movements in other currencies also seem to have dragged the USD Index lower, the analysts say, noting a sharp drop in USD/JPY overnight. The USD Index is steady at 103.79; USD/SGD is little changed at 1.3409. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 17, 2024 22:59 ET (02:59 GMT)

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