0313 GMT - USD/SGD consolidates during the Asian session ahead of major U.S. economic data due out this week. Tonight's ISM services PMI is crucial in giving markets more clues about the U.S. economy's health, given the services sector has been a big driver of it, Maybank analysts say in a forex research & strategy report. There could be a limit to USD downside until the Fed clearly begins to again tilt more dovish, the analysts add. Based on technical analysis, USD/SGD's initial support is at 1.3400 while initial resistance is at 1.3500, Maybank adds. USD/SGD is little changed at 1.3462. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 04, 2024 23:13 ET (03:13 GMT)
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