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fxJun 4, 2026, 8:52 PM

UOB: USD/SGD Losses Capped at 1.2855 After Two-Month High

UOB analysts note that USD/SGD has broken to a two-month high near 1.2840 with strong momentum, but further losses for the Singapore dollar are capped at the 1.2855 level.

USDSGD

United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann report that USD/SGD has risen to a two-month high around 1.2840. The pair shows strong momentum, suggesting continued dollar strength in the near term.

However, the analysts point out that the Singapore dollar's losses are capped at the 1.2855 level against the US dollar. This implies resistance for the pair at that mark, potentially limiting further upside.

Source: FXStreet Forex News