0334 GMT - USD/SGD is trading steadily in the Asian session, underpinned by hawkish minutes of the FOMC's latest meeting, which sustain prospects for U.S. rates to stay higher for longer, analysts say. These prospects may support the allure of U.S. fixed-income assets and demand for the greenback. Market participants perceived the minutes to surprise on the hawkish side, Maybank analysts say in an FX Research & Strategy report. Key takeaways from the minutes include officials seeing inflation easing more slowly and various officials willing to tighten more if needed, the analysts add. USD/SGD is little changed at 1.3504. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 22, 2024 23:34 ET (03:34 GMT)
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