0302 GMT - USD/SGD is steady in the Asian session as traders await U.S. May retail sales and industrial production due out later in the day. There's a slew of Fed officials such as St. Louis Fed President Musalem, Dallas Fed President Logan, and Fed Gov. Kugler scheduled to speak today. General sense is that Fed officials are cautious and might be unwilling to commit too early to a rate-cut trajectory, Maybank analysts say in an FX Research & Strategy report. Maybank also remains wary of further upside for the USD Index partly due to concerns over France's upcoming snap elections, the analysts add. USD/SGD is little changed at 1.3525. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 17, 2024 23:02 ET (03:02 GMT)
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