UOB Sees Mild Upside Bias for Singapore Dollar vs US Dollar
USD/SGD remains under mild downward pressure after slipping to 1.2775 before rebounding, according to UOB's Quek Ser Leang.
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United Overseas Bank FX strategist Quek Ser Leang said USD/SGD remains under mild downward pressure after the pair slipped to 1.2775 and then rebounded.
In intraday trade, the pair may retest the 1.2775 area, with support near 1.2765 expected to be in focus.
The assessment keeps a mild upside bias for the Singapore dollar against the US dollar intact.
Source: FXStreet Forex News