0353 GMT - USD/SGD edges lower in the Asian session on possible month-end and quarter-end position adjustments. Markets seem to have been poised for portfolio rebalancing into month-end to weigh upon USD, Westpac Strategy Group says in commentary. Focus is now on U.S. PCE data, the Fed's preferred inflation gauge, due Friday, the group says. The greenback remains at risk of any signs that disinflation could resume, though there's also the offsetting impact of Europe's political uncertainty, the group adds. USD/SGD is down 0.1% at 1.3569. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 26, 2024 23:53 ET (03:53 GMT)
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