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fxJun 11, 2026, 7:09 PM

UOB Maintains Mildly Positive USD/SGD View, Eyes 1.2900

UOB FX strategists Quek Ser Leang and Lee Sue Ann keep a mildly bullish stance on USD/SGD, targeting a test of 1.2900 in the near term with 1.2915 as a tougher resistance. They see gains intact as long as the pair holds above 1.2830.

USDSGD

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann retain a mildly positive outlook on USD/SGD, according to their latest note.

They expect the pair to test the 1.2900 level in the near term, though 1.2915 is seen as a more significant hurdle. On a one-to-three-week horizon, the analysts argue that upward momentum remains intact as long as USD/SGD holds above the support level of 1.2830.

The commentary highlights continued downside risk for the Singapore dollar against the US dollar, with the bias tilted toward further USD strength.

Source: FXStreet Forex News