The Singapore dollar consolidates against its U.S. counterpart ahead of the U.S. nonfarm payrolls report due out later today. The report poses two-way risks for U.S. dollar, given volatility of the data, Maybank analysts say in a FX research & strategy report. "If it comes out much stronger than expected, this would continue to back the dollar upward momentum but if it is the other way round, then expect the opposite pullback," the analysts add. The U.S. dollar is little changed at 1.2955 Singapore dollars, LSEG data show. (ronnie.harui@wsj.com)
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Singapore Dollar Consolidates Ahead of U.S. Nonfarm Payrolls Report — Market Talk
The Singapore dollar consolidates against its U.S. counterpart ahead of the U.S. nonfarm payrolls report due out later today. The report poses two-way risks for U.S. dollar, given volatility of the data, Maybank analysts say in a FX research & strategy report. "If it comes out much stronger than ex…