ForexAug 12, 2026, 9:12 PM

UOB flags building upside risk for Singapore dollar vs US dollar

UOB analysts say USD/SGD closed little changed near 1.2800, while the Singapore dollar NEER is trading 1.7% above its mid-point, pointing to potential SGD strength.

USDSGD

UOB FX strategists Quek Ser Leang and Lee Sue Ann highlighted building upside risk for the Singapore dollar against the US dollar.

They noted USD/SGD closed little changed around 1.2800. The Singapore dollar nominal effective exchange rate (S$NEER) is trading about 1.7% above its mid-point, implying a USD/SGD range near 1.2760–1.2822.

The positioning suggests the pair may face downward pressure if the Singapore dollar's stronger momentum persists.

Source: FXStreet Forex News

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