USD/SGD Edges Lower Amid Mixed Signals -- Market Talk

Dow Jones

2024-08-01

0416 GMT - USD/SGD edges lower in the Asian session amid mixed signals. There are broad risks for a weaker USD as Fed rate cuts become more certain, Maybank analysts say in an FX Research & Strategy report. However, there could be some support for USD as geopolitical tensions escalate, the analysts say, noting Iran's Supreme Leader Ayatollah Ali Khamenei approved a direct strike on Israel in response to the assassination of Hamas leader Haniyeh in Iran. USD/SGD is down 0.1% at 1.3353. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 01, 2024 00:16 ET (04:16 GMT)

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