USD/SGD Edges Lower as Market Players Await Major U.S. Data

USD/SGD nudges lower in the afternoon Asian session as market participants await major U.S. economic data due later this week. For now, foreign-exchange markets appear to have adopted an extended wait-and-see mood ahead of this Friday’s U.S. non-farm payrolls report, says Oanda. Only a spike in Covid-19 cases in China this week is likely to lift the lethargy, which should favor USD, Oanda adds. USD/SGD is down 0.1% at 1.3517.

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