UOB forecasts USD/SGD to remain within a tight 1.2935–1.2975 band after volatile intraday moves.
USD/SGD settled at 1.2960 following a volatile session, with intraday swings between 1.2938 and 1.2975. The pair’s movement reflects recent consolidation near multi-day lows.
Analysts expect the currency pair to trade within a narrow 1.2935–1.2975 range in the coming session, citing subdued volatility and limited directional bias. The current levels align with recent support and resistance zones observed over the past week.
No immediate market reaction was reported, as traders await fresh catalysts for a breakout from the range.