USD/SGD Edges Higher, Supported by Possible Safe-Haven Demand -- Market Talk

Dow Jones

2024-03-15

0424 GMT - USD/SGD edges higher in the afternoon Asian session, supported by possible demand for the greenback as a safe-haven asset amid fresh concerns over a U.S. recession. Recent U.S. economic data have prompted some speculation about potential stagflation in the U.S., Maybank analysts say in an FX Research & Strategy note. There's a risk that the USD can stay supported if economic data in the U.S. imply a sufficiently bad outcome such as recession or stagflation, the analysts add. USD/SGD is up 0.1% at 1.3373. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 15, 2024 00:25 ET (04:25 GMT)

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