0402 GMT - USD/SGD edges higher on possible position adjustments ahead of U.S. economic data such as the U.S. ISM services PMI due later today and the non-farm payrolls report due Friday. The USD remains sensitive to any burgeoning signs that U.S. disinflation could resume as well as to the offsetting impact of Europe's political uncertainty, Westpac Strategy Group says in a commentary. Hence, the USD Index is caught in the middle of its recent trading range and the potential for a directional move developing is being contained, the group adds. USD/SGD is up 0.1% at 1.3571.(ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 03, 2024 00:02 ET (04:02 GMT)
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