0251 GMT - USD/SGD is trading steadily during the Asian session, and may consolidate on technical factors, analysts say. Based on the 14-day relative strength index indicator, the USD Index is oversold, while SGD and most Asian currencies are overbought, Philip Wee, senior FX strategist at DBS Group Research, says in a commentary. In the short term, USD/SGD could consolidate after a swift drop to 1.3000 this month, Wee adds. USD/SGD is little changed at 1.3046. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 26, 2024 22:51 ET (02:51 GMT)
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