0332 GMT - USD/SGD is trading steadily during the Asian session, but may be weighed by easing U.S. price pressures, analysts say. There's been a broad-based USD retreat as the U.S. May core PCE price index released last Friday indicated a disinflationary trend, Maybank analysts say in a FX Research & Strategy report. In the medium term, Maybank remains SGD-positive, given Singapore's robust macroeconomic fundamentals and a monetary policy that has an appreciating currency as a default stance, the analysts add. USD/SGD is little changed at 1.3552. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 30, 2024 23:32 ET (03:32 GMT)
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