USD/SGD Edges Higher, Buoyed by Rising Oil Prices

0559 GMT — USD/SGD edges higher in the Asian afternoon session, buoyed by rising oil prices. USD may continue to outperform, as the U.S. is a net oil exporter and its relative growth resilience suggests that the Fed might keep its rates higher and longer than other central banks, Maybank analysts say in a forex research and strategy report. USD/SGD is up 0.1% at 1.3714.