USD/SGD Edges Lower Ahead of Major U.S. Economic Data -- Market Talk

Dow Jones08-13

0316 GMT - USD/SGD edges lower in the Asian session ahead of major U.S. economic data such as PPI data due out later today and CPI data due Wednesday. The inflation data are key this week, along with retail sales and industrial production, Westpac Strategy Group says in commentary. Factors including higher shipping costs increase the risks of a "less than perfect" July CPI, Westpac says. This could spark further repricing of Fed rate-cut expectations and offer support to the USD Index for the week ahead, it adds. USD/SGD is 0.05% lower at 1.3236. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 12, 2024 23:16 ET (03:16 GMT)

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