0534 GMT - USD/SGD edges lower in the afternoon Asian session, weighed by mostly lower Treasury yields that might diminish the appeal of U.S. fixed-income assets and demand for the greenback. There could be a cap to USD strength, Maybank analysts say in an FX Research & Strategy report. Relatively positive Singapore economic data are expected to underpin SGD strength on a bilateral and trade-weighted basis, the analysts say. Also, the MAS should maintain its tight policy at Friday's April meeting, given Singapore's inflation remains elevated and the domestic economy is recovering, the analysts add. USD/SGD is down 0.1% at 1.3528. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 11, 2024 01:34 ET (05:34 GMT)
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