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Investing.com -- The Singapore dollar remains steady against its U.S. counterpart in the Asian market session, potentially supported by declining Treasury yields that reduce the attractiveness of U.S. fixed-income assets and demand for the U.S. dollar.
This trend appears to be driven by investor concerns that President Trump’s tariffs and potential large-scale layoffs could weaken the U.S. economy, pushing investors towards Treasury bonds from U.S. equities.
In the morning session, Asian currencies showed mixed results against the dollar, with ongoing U.S. recession fears potentially exerting pressure.
Market concerns about a U.S. recession have been growing, with analysts warning that markets may still be undervaluing the downside risks to Asia’s growth, and therefore it could be wise to prepare for potential weakness in Asian currencies in the near future.
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