UOB analysts expect USD/SGD to consolidate between 1.2780 and 1.2815, citing tentative downside momentum and potential for modest US Dollar weakness in the coming weeks.
UOB notes USD/SGD slipped but downside momentum is tentative, with the pair expected to stay between 1.2780 and 1.2815 and scope for modest further Dollar weakness.
UOB strategists report that the USD/SGD pair faces tentative downside pressure following a Friday slip. The pair is expected to consolidate within a tight range of 1.2780 to 1.2815 in the immediate term, with analysts projecting modest further weakness for the US Dollar over the next one to three weeks.
UOB strategists expect the pair to remain range-bound between 1.2780 and 1.2815, with a bias toward modest weakness for the US Dollar over the next few weeks.