The Singapore Dollar rose 0.3% against the USD, supported by strong growth and low inflation, trading in a tight range since mid-June.
The USD/SGD pair declined 0.3% to 1.3910, driven by broader US Dollar weakness. The Singapore Dollar has remained resilient, consolidating within a 1.29–1.30 range for over a month.
Singapore’s economic growth and controlled inflation have bolstered the currency, making it the third-strongest in Asia this year. The pair’s stability reflects balanced market conditions amid global uncertainties.
No immediate market reaction was reported following the move.