0345 GMT - USD/SGD edges lower in the Asian session in possible position adjustment. Market participants appear to be looking past regional Fed surveys toward upcoming flow of Fed speakers and the U.S. May personal income data that includes PCE, Westpac Strategy Group says in commentary. Market positioning is also a risk factor, partly owing to monthly, quarterly and half-year portfolio rebalancing, the group says. While the path for the USD Index is still uncertain, sharpness of this index's recent moves indicates a directional move is developing, the group adds. USD/SGD is down 0.1% at 1.3520. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 24, 2024 23:45 ET (03:45 GMT)
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