Singapore Dollar: Downside bias within established range against US Dollar – UOB

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD opened stronger after a quiet prior session, with upward momentum tentatively building but still facing resistance around 1.2945–1.2955. For the next 1–3 weeks, they keep its view that USD/SGD will trade between 1.2890 and 1.2990.

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