0306 GMT - USD/SGD consolidates during the Asian session ahead of U.S. non-farm payrolls report due out later today. Any figures in line with or close to expectations should keep the USD Index steady, Maybank analysts say in an FX Research & Strategy report. However, more substantial currency movements could emerge if the figures are much lower than forecast or come out well above forecast, the analysts say. Maybank remains wary of the effects that broad USD strength could have on emerging-market currencies and the possibility that these effects could feed into upward movements of the USD, the analysts add. USD/SGD is little changed at 1.3453. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 06, 2024 23:06 ET (03:06 GMT)
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