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fxAug 14, 2026, 6:14 PM

USD/SGD Consolidates Near 1.28 as Soft US PPI Tempers Fed Bets

OCBC analysts note USD/SGD is holding around 1.28 after softer US producer prices trimmed Federal Reserve hike expectations but failed to trigger a fresh dollar move.

USDSGD

OCBC analysts Sim Moh Siong and Christopher Wong see USD/SGD consolidating around the 1.28 level. They note that a softer US Producer Price Index has trimmed Federal Reserve rate-hike expectations.

However, the inflation print has not yet produced a fresh US dollar move, leaving the pair rangebound for now. The commentary points to continued two-way risks around current levels.

Source: FXStreet Forex News