0446 GMT - USD/SGD edges lower in the afternoon Asian session, weighed by bets for Fed rate cuts which would undermine appeal of U.S. fixed-income assets and demand for the greenback. Weak U.S. economic data released overnight such as preliminary manufacturing PMI have contributed to USD's decline, Maybank analysts say in an FX Research & Strategy note. Fed fund futures now imply 42bps worth of rate cuts this year, slightly more than before the PMIs' release, the analysts say. USD/SGD is down 0.1% at 1.3597. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 24, 2024 00:46 ET (04:46 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。