USD/SGD Consolidates Amid Lack of Catalysts -- Market Talk

Dow Jones

2024/06/20

0327 GMT - USD/SGD consolidates in the Asian session amid a lack of catalysts, mostly owing to the U.S. holiday on Wednesday. There's been an absence of tier-one economic data, Maybank analysts say in a FX Research & Strategy report. However, USD Index continues to be somewhat supported on dips owing to two factors--Fed officials' wait-and-see attitude as they seek comfort from benign inflation readings before deciding to cut rates, and EUR possibly staying under pressure because of uncertainty about France's snap elections, the analysts add. USD/SGD is little changed at 1.3514. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 19, 2024 23:27 ET (03:27 GMT)

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