0322 GMT - USD/SGD edges down during the Asian session amid mostly lower Treasury yields, which undermine the appeal of U.S. fixed-income assets and demand for USD. Given the hawkish repricing of Fed rate-cut expectations seen in April, market participants certainly like to position for a scenario that disinflation in the U.S. will continue, Maybank analysts say. U.S. CPI data are due later in the day. The balance of risks seems a bit skewed to the downside for USD, the analysts add in a foreign-exchange research and strategy report. USD/SGD is 0.1% lower at 1.3503. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 14, 2024 23:22 ET (03:22 GMT)
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