0357 GMT - USD/SGD rises in the Asian session on bets that U.S. economic exceptionalism will persist, which could diminish the likelihood of Fed rate cuts and increase the appeal of U.S. fixed-income assets. U.S. exceptionalism continues to be supported by good data, Maybank analysts say in a foreign-exchange research and strategy report. The U.S. dollar has also been lifted by prospects that the economy could become a laggard in the global monetary-easing cycle and maintain its carry advantage, the analysts add. In a carry trade, investors borrow funds in a currency with a low rate and invest them in a higher-yielding currency. USD/SGD is up 0.2% at 1.3466. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 21, 2024 23:57 ET (03:57 GMT)
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