0300 GMT - USD/SGD edges higher as the policies of Donald Trump, who seems increasingly likely to win the U.S. presidential election, are perceived to be USD-positive, analysts say. The policies that former president Trump has been advocating are tariff increases, tax cuts, and an anti-immigrant drive, which are mostly inflationary and pro-growth, Maybank analysts say in an FX Research & Strategy report. His policies are likely to support the higher-for-longer rates narrative and possibly bring back U.S. economic exceptionalism, the analysts say. Hence, the greenback has strengthened against most currencies, the analysts add. USD/SGD is up 0.1% at 1.3443. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 15, 2024 23:00 ET (03:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.