USD/SGD Steady, Supported by Rising Prospects for 'Trump Trade' -- Market Talk

Dow Jones

2024-07-15

0239 GMT - USD/SGD is trading steadily during the Asian session, supported by rising prospects for the so-called "Trump Trade" following the weekend's assassination attempt on former U.S. president Donald Trump. A knee-jerk reaction in FX markets is expected to play out and there could be some support for USD, Maybank analysts say in an FX Research & Strategy report. The "Trump Trade" includes positive Treasury yields, given that the policies which he touted are perceived to be inflationary and pro-growth, the analysts add. USD/SGD is little changed at 1.3425. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 14, 2024 22:41 ET (02:41 GMT)

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A knee-jerk reaction in FX markets is expected to play out and there could be some support for USD, Maybank analysts say in an FX Research & Strategy report. The \"Trump Trade\" includes positive Treasury yields, given that the policies which he touted are perceived to be inflationary and pro-growth, the analysts add. USD/SGD is little changed at 1.3425. 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