0332 GMT - USD/SGD falls, dragged by concerns over Fed rate cuts which would undermine the appeal of U.S. fixed-income assets and demand for the greenback. A more moderate U.S. non-farm payrolls report, in line with softer business survey hiring trends, is likely, Westpac Strategy Group says in a commentary. The non-farm payrolls report is due out Friday. There also seems to be diminished risk of a very hawkish FOMC next week, the group adds. USD/SGD is down 0.2% at 1.3455. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 05, 2024 23:32 ET (03:32 GMT)
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