USD/SGD to Stay Range-Bound Near Term – UOB

United Overseas Bank (UOB) strategist Quek Ser Leang said the Singapore dollar is likely to remain range-bound against the US dollar in the near term. Intraday price action lacks a clear directional breakout, suggesting consolidation will persist.

Traders should expect choppy but contained moves for USD/SGD as the pair trades within familiar boundaries. No immediate catalyst is seen to push the exchange rate out of its current range.