USD/SGD

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD slipped as the US Dollar softened after the US midterm elections, with the pair closing near 1.2795.

Commerzbank analysts note Singapore’s October manufacturing PMI eased slightly but stayed in expansion for a 15th month, with electronics supported by AI-related demand. They argue this points to resilient Q4 manufacturing and continued GDP growth into early 2027.

OCBC strategists Sim Moh Siong and Christopher Wong note that USD/SGD has eased with the softer US Dollar (USD) and lower US yields, while Singapore’s import prices show strong energy-driven inflation.

UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/SGD remains broadly stable, with spot around 1.2815 and the S$NEER holding 1.52% above its estimated mid-point.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD extended higher than expected, with the pair touching 1.2814 instead of staying in the prior intraday range. Short-term momentum suggests scope for a test above 1.2820, though gains are seen as limited.

OCBC’s Christopher Wong notes USD/SGD drifted lower with the broader USD and US Treasury yields before paring losses, with external drivers back in focus after MAS’s October decision.