0301 GMT - USD/SGD edges higher in the Asian session ahead of the Jackson Hole symposium which kicks off later today. Given disinflation in the U.S. is making progress, consumption is holding up and labor market is enjoying employment growth, Fed Chair Powell had done his forward guidance on the interest-rate trajectory at the press conference in July, Maybank analysts say in a FX Research & Strategy report. Hence, expectations for more dovish cues from Powell's speech on Friday could be disappointed, the analysts say. If this happens, further USD weakness against Asian currencies could slow, the analysts add. USD/SGD is up 0.1% at 1.3068. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 21, 2024 23:01 ET (03:01 GMT)
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