Singapore Dollar: Range Trading Persists, Strong Performance vs USD – Commerzbank

USD/SGD slipped 0.3% to 1.2910 as the US dollar weakened, according to Commerzbank strategist Moses Lim. The pair has been consolidating within a narrow 1.29–1.30 range since mid-June, reflecting a lack of directional momentum.

Singapore's robust economic growth and benign inflation backdrop are providing support for the Singapore dollar. This has helped the SGD become the third-strongest Asian currency against the greenback.

Lim's comments suggest that the range-bound pattern may persist in the near term, as markets weigh global dollar dynamics against Singapore's relative strength.