USD/SGD Edges Up Amid Higher Treasury Yields -- Market Talk

Dow Jones

2024-06-10

0241 GMT - USD/SGD edges up in the Asian session amid higher Treasury yields that enhance the allure of U.S. fixed-income assets and demand for the greenback. Momentum for the USD Index appears to be building up for the upside, Maybank analysts say in an FX Research & Strategy report. Risk events or data releases this week that may facilitate USD Index's move higher include the U.S. CPI report and the FOMC and BOJ policy decisions, the analysts add. The USD Index is up 0.2% at 105.12; USD/SGD is up 0.1% at 1.3535. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 09, 2024 22:41 ET (02:41 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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