USD/SGD Rises, Buoyed by Mostly Higher Treasury Yields -- Market Talk

Dow Jones08-07

0308 GMT - USD/SGD rises in the Asian session, buoyed by mostly higher Treasury yields that enhance the allure of U.S. fixed-income assets and demand for the greenback. Risk sentiment remains fragile, Maybank analysts say, adding they are cautious of volatility in currencies. Geopolitical tensions in the Middle East continue to escalate, with Iran warning of a possible attack on Israel, the analysts say in a research report, noting USD could find some support in the short-term. USD/SGD is up 0.2% at 1.3279. (ronnie.harui@wsj.com)

 

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August 06, 2024 23:08 ET (03:08 GMT)

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