0257 GMT - USD/SGD edges higher in the Asian session, buoyed by higher Treasury yields that increase the allure of U.S. fixed-income assets and demand for the greenback. Maybank is focused on the U.S. retail sales data due later today, which would offer a check on the health of the economy, the bank's analysts say in a FX Research & Strategy report. A downside surprise from the data may not be so warmly received by the markets amid recessionary worries, the analysts add. USD/SGD is 0.1% higher at 1.3175. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 14, 2024 22:57 ET (02:57 GMT)
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