0300 GMT - USD/SGD edges lower during the Asian session in possible position adjustment ahead of U.S. economic data due out later. The Conference Board's consumer confidence for May could be key to monitor tonight, Maybank analysts say in an FX Research & Strategy note. A soft or softer-than-expected reading could potentially weigh on the greenback more as foreign-exchange markets continue to be data-dependent, the analysts say. Based on technical analysis, USD/SGD's initial support is at 1.3400 while its initial resistance is at 1.3500, the analysts add. USD/SGD is down 0.1% at 1.3472. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 27, 2024 23:00 ET (03:00 GMT)
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