USD/SGD Edges Lower Amid Falling Treasury Yields -- Market Talk

Dow Jones07-29

0255 GMT - USD/SGD edges lower in the Asian session amid falling Treasury yields that diminish the appeal of U.S. fixed-income assets and demand for the greenback. There are growing expectations for a Fed rate cut in September, Maybank analysts say, noting the U.S. PCE core price index released Friday showed inflation rose at a tame pace in June. Based on technical analysis, USD/SGD's initial support is at 1.3400 while initial resistance is at 1.3450, the analysts say in a FX Research & Strategy report. USD/SGD is down 0.1% at 1.3415. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 28, 2024 22:55 ET (02:55 GMT)

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There are growing expectations for a...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGD","symbol_name":"SAFE & GREEN DEVELOPMENT CORP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2455772506","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2455772506","pubTimestamp":1722221700,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0255 GMT - USD/SGD edges lower in the Asian session amid falling Treasury yields that diminish the appeal of U.S. fixed-income assets and demand for the greenback. 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