0321 GMT - USD/SGD edges higher during the Asian session ahead of tonight's release of the U.S. PCE core price index, the Fed's favored inflation gauge. The balance of risks for this data might be skewed to the upside for the greenback, Maybank analysts say, noting that the Fed has preferred to look for a few more "good" data for better confidence to begin easing policy. Any upside surprise in the numbers would certainly lift USD, the analysts say in an FX Research & Strategy report. USD/SGD is up 0.1% at 1.3510. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 30, 2024 23:21 ET (03:21 GMT)
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