UOB forecasts the pair to consolidate between 1.2900 and 1.2935 intraday, adopting a neutral stance for the next 1-3 weeks.
The Singapore dollar’s decline against the US dollar has lost steam, with USD/SGD expected to trade within a tight range of 1.2900 to 1.2935 intraday. The slowdown follows last week’s sharp drop, which had previously driven momentum lower.
Analysts maintain a neutral outlook for the pair over the next one to three weeks, projecting continued consolidation. The current range reflects a pause in volatility after recent fluctuations, with no immediate catalysts for a breakout.
Market participants are monitoring the pair for signs of a directional shift, though near-term movements remain constrained by the lack of fresh drivers.