0328 GMT - USD/SGD edges lower in the Asian session as traders adjust Fed-rate cut expectations. Recent price movements in the greenback have mostly been two-way swings that could persist as prospects for rate cuts continue to adjust and recalibrate, Maybank analysts say in a FX Research & Strategy report. U.S. economic exceptionalism is a theme that can continue, and when considered together with a Fed that's reluctant to cut rates, this backs a case for USD to retain some strength and support, the analysts say. But these themes can fade and Maybank still sees USD weakening gradually in longer term. USD/SGD is down 0.1% at 1.3496. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 26, 2024 23:28 ET (03:28 GMT)
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