USD/SGD Steady, Underpinned by Potential Safe-Haven Buying -- Market Talk

Dow Jones
2024-04-15

0312 GMT - USD/SGD is steady in the Asia session, underpinned by potential safe-haven buying of the greenback amid Middle East tensions. Focus is now on how Israel responds to Iran's drone and missile attack over the weekend, Maybank analysts say in a FX Research & Strategy report. G7 leaders convened on Sunday, pledged "full support" for Israel, and said they were ready to "take further measures" in response to "further destabilizing initiatives," the analysts note. Based on technical analysis, USD/SGD's resistance levels are at 1.3650 and 1.3700 while its support levels are at 1.3600 and 1.3500, the analysts add. USD/SGD is little changed at 1.3609. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 14, 2024 23:13 ET (03:13 GMT)

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