0306 GMT - USD/SGD is steady in the Asian session ahead of the U.S. non-farm payrolls data due later today. There might be more volatility, with this data likely to be closely watched, Maybank analysts say, noting the Fed has said that it views risks for both sides of their dual mandate. If the data signal either weakness or strength of the labor market, there could be some large currency swings, particularly given Fed funds futures now imply probabilities of over 100% for rate cuts at the remaining three meetings of 2024, they say in an FX Research & Strategy report. USD/SGD is little changed at 1.3365. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 01, 2024 23:06 ET (03:06 GMT)
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