0306 GMT - USD/SGD is steady in the Asian session amid mixed signals. On the one hand, recovery in the U.S. ISM services-activity index for July, released overnight, provides a slight reprieve by quashing recession concerns, Maybank analysts say in a FX Research & Strategy report. On the other hand, Maybank cautions that with fear remaining at a high and movements in currencies probably compounded by weak sentiment, markets may be yet to hit a bottom, the analysts say. USD/SGD is little changed at 1.3245. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 05, 2024 23:06 ET (03:06 GMT)
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