0409 GMT - USD/SGD edges lower in the afternoon Asian session, weighed by lower Treasury yields, which could diminish the allure of U.S. fixed-income assets and demand for the greenback. Market participants have begun to load up on U.S. Treasurys at seemingly attractive levels, Maybank analysts say in a FX Research & Strategy report. This validates Maybank's view that USD appears stretched and that there's more scope for downside than upside for the greenback, the analysts add. USD/SGD is down 0.1% at 1.3588. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 18, 2024 00:09 ET (04:09 GMT)
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