USD/SGD Edges Higher, Buoyed by Prospects of Trump Presidency -- Market Talk

Dow Jones

2024/07/12

0248 GMT - USD/SGD edges higher during the Asian session, buoyed by prospects for Donald Trump to win the U.S. presidential election later this year. Trump looks like he has a good chance at becoming the U.S. president, Maybank analysts say in a FX Research & Strategy report. Given that Trump's policies are pro-growth and inflationary, the greenback could continue to find support on dips, the analysts say. President Joe Biden vowed to pursue re-election at a Thursday evening press conference, but stumbled several times, including mixing up Trump's name with Vice President Kamala Harris. USD/SGD is up 0.1% at 1.3440. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 11, 2024 22:48 ET (02:48 GMT)

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