USD/SGD Edges Lower Ahead of U.S. Non-Farm Payrolls Data -- Market Talk

Dow Jones

2024-07-05

0406 GMT - USD/SGD edges lower during the Asian session amid possible position adjustment ahead of the U.S. non-farm payrolls data due out later today. Market focus is on whether this data can be as soft as what the recent ADP National Employment Report suggests, Maybank analysts say in an FX Research & Strategy report. Non-farm payrolls data are expected to show around 190,000 jobs added in June compared with 272,000 jobs added in May, the analysts note. USD/SGD is down 0.2% at 1.3498. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 05, 2024 00:06 ET (04:06 GMT)

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