0300 GMT - USD/SGD edges higher as the policies of Donald Trump, who seems increasingly likely to win the U.S. presidential election, are perceived to be USD-positive, analysts say. The policies that former president Trump has been advocating are tariff increases, tax cuts, and an anti-immigrant drive, which are mostly inflationary and pro-growth, Maybank analysts say in an FX Research & Strategy report. His policies are likely to support the higher-for-longer rates narrative and possibly bring back U.S. economic exceptionalism, the analysts say. Hence, the greenback has strengthened against most currencies, the analysts add. USD/SGD is up 0.1% at 1.3443. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 15, 2024 23:00 ET (03:00 GMT)
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