USD/SGD Rises on Prospects of Increased-for-Longer U.S. Yields

1442 GMT – The U.S. greenback has been stable this summer but it’s expected to enter a weakening constructing in direction of the 365 days-pause, ING FX analysts speak in a tag. Excessive U.S. rates, a shockingly stable U.S. home economic system and a cozy in a single other country funding ambiance contain all mixed to earn the greenback stable this summer, they are saying. “It is arduous to quiz this altering great over the arrival months, but by the fourth quarter, we judge there’ll be sufficient evidence of a U.S. slowdown for the greenback to be embarking on a bearish constructing,” they are saying. After some more fluctuate-sure buying and selling over this summer, they seek recordsdata from clearer indicators of the greenback undergo constructing to be emerging into the fourth quarter. (emese.bartha@wsj.com)