0337 GMT - USD/SGD edges higher during the Asian session aided by Fed officials' view of no near-term shift in their "pause-for-longer" policy stance, analysts say. Many hold this view, say Maybank analysts, noting overnight comments from Atlanta Fed President Bostic, Cleveland Fed President Mester, and Fed Vice Chair Jefferson. Fed fund futures now imply 41bps worth of Fed rate cut by December 2024, a tad less than the start of Monday, the analysts say in an FX Research & Strategy note. USD/SGD is up 0.1% at 1.3483. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 20, 2024 23:37 ET (03:37 GMT)
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