USD/SGD stable despite divergent signals

USD/SGD stable despite divergent signals


Updated October 18, 2023 at 1:21 a.m. ET

05:20 GMT — USD/SGD is trading steadily during the Asian afternoon session amid divergent signals. Growing geopolitical tensions are heightening the need for safe-haven assets such as Treasuries, which would limit rising yields, Maybank analysts say in a forex research and strategy report. This suggests that the support the greenback can derive from returns is limited, analysts say. However, at the same time, strong US economic data released overnight increased the likelihood of another Fed rate hike, analysts add. USD/SGD was little changed at 1.3682. (ronnie.harui@wsj.com)

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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