FX weekly: Dollar strength holds, major currencies ease
United Overseas Bank (UOB) strategist Quek Ser Leang reported that USD/SGD fell to 1.2781 on Friday, with the SGD NEER remaining well above its midpoint. Within the intraday session, he anticipates the pair to remain within the range of 1.2768–1.2832, matching technical levels at 1.2775/1.2815. Over the 1-3 week and 1-3 month periods, he still foresees a potential recovery towards 1.2835, while 1.2765 acts as a strong support level.
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