Singapore Dollar: Range-bound trading outlook against US Dollar – UOB

FXStreetNov 3, 2026 8:48 PM

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United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD held a tight range on Monday, with the Singapore Dollar supported by a slightly firmer SGD NEER. They expect the SGD NEER to stay 1.30%–1.80% above its policy midpoint, implying USD/SGD should remain confined near current levels, with broader Asian FX still pressured by portfolio outflows and cautious sentiment ahead of US midterm elections.

Dollar-Singapore pair seen sideways

"24-HOUR VIEW: Yesterday, we expected USD “to trade in a range between 1.2775 and 1.2800.” We were not wrong, as USD traded within a 1.2775/1.2797 range before settling at 1.2794 (+0.10%). We continue to expect range-trading today, but the slightly firmer underlying tone suggests USD is likely to trade in a higher range of 1.2785/1.2810."

"1-3 WEEKS VIEW: In our most recent narrative from one week ago (27 Oct, spot at 1.2810), we highlighted that USD “is likely to trade between 1.2775 and 1.2835.” Since then, USD has traded within a 1.2771/1.2837 range. With no clear increase in either downward or upward momentum, we continue to expect USD to trade between 1.2775 and 1.2835."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

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