0252 GMT - USD/SGD edges lower on possible position adjustments ahead of U.S. June CPI data due later today. Consensus expects price pressures to remain mild, with headline CPI to rise 0.1% on month versus 0.0% in May and June's core CPI to rise 0.2% on month, the same as in May, Maybank analysts say in a FX Research & Strategy report. Given recently weak U.S. economic data, any upside surprise in the CPI data could be perceived as "bumpiness" rather than any signs of inflation re-accelerating, the analysts add. USD/SGD is down 0.1% at 1.3476. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 10, 2024 22:52 ET (02:52 GMT)
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