0331 GMT - USD/SGD edges higher during the Asian session, aided by a Fed official's hawkish remarks overnight which could support an outlook for U.S. rates to remain higher for longer, thereby sustaining the appeal of U.S. fixed-income assets and demand for the greenback. Minneapolis Fed President Kashkari acknowledged that policy makers haven't ruled out additional rate increases, though he also said odds of this happening were "quite low," Maybank analysts say in a FX Research & Strategy report. Price movements in Asia seem to be slightly biddish in favor of the greenback, the analysts say. USD/SGD is up 0.1% at 1.3495. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 28, 2024 23:31 ET (03:31 GMT)
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