Category forex

UOB Sees Limited Upside for USD/SGD Near Term

Analysts forecast a trading range of 1.2756–1.2820 for USD/SGD as the Singapore dollar remains 1.5–2.0% above its NEER midpoint. USD/SGD traded narrowly on Wednesday, closing at 1.2810 after fluctuating between 1.2804 and 1.2825. UOB’s Nominal Effective Exchange Rate model