0425 GMT - USD/SGD consolidates in the afternoon Asian session ahead of the U.S. inflation report due out later in the global day. Any upside surprises to the CPI data could provide the greenback with some support, Maybank analysts say in an FX Research & Strategy note. While any downside surprises to the CPI data should affirm the U.S. disinflationary path, the scope for the greenback's weakness could be limited given the magnitude of earlier USD moves and current market expectations for Fed rate cuts, the analysts add. USD/SGD is little changed at 1.3309.(ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 12, 2024 00:25 ET (04:25 GMT)
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