0507 GMT - USD/SGD edges lower in the Asian afternoon session. In focus is key U.S. jobs data due later today. The greenback is tracking the yield curve lower, which continued to unwind after Fed Chair Powell said the Fed's next move is unlikely to be a rate hike, Westpac economist Jameson Coombs writes in a report. There is also some market speculation that Powell has hinted at a weak payroll number, ING economists write in a note, which may have helped pushed yields lower. USD/SGD is down 0.2% at 1.3528. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
May 03, 2024 01:08 ET (05:08 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。