0250 GMT - USD/SGD edges lower in the Asian session, weighed by falling Treasury yields, which diminish the appeal of U.S. fixed-income assets and demand for USD. However, the USD Index could begin to rebound as August approaches, Maybank analysts say in a foreign-exchange research and strategy report. August and September typically show a more risk-off environment, and U.S. election jitters historically tend to become more strongly priced in from August, the analysts say. USD/SGD is down 0.1% at 1.3450. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 22, 2024 22:50 ET (02:50 GMT)
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