USD/SGD Consolidates; Likely to Stay Steady Ahead of Key Central-Bank Decisions -- Market Talk

Dow Jones07-30

0327 GMT - USD/SGD consolidates in the Asian session. The currency pair is likely to stay relatively steady ahead of major central-bank decisions this week such as the Fed's, Maybank analysts say in a FX Research & Strategy report. Meanwhile, the Singapore central bank's policy continues to be supportive of SGD strength, say the analysts, who expect this resilience to persist. At the same time, however, SGD is unlikely to outperform in times of USD weakness, add the analysts, noting SGD remains sensitive to broader drivers. USD/SGD is little changed at 1.3439. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 29, 2024 23:27 ET (03:27 GMT)

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