Singapore Dollar: Rebound seen relatively capped against US Dollar – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that USD/SGD has eased with the softer US Dollar (USD) and lower US yields, while Singapore’s import prices show strong energy-driven inflation.
OCBC strategists Sim Moh Siong and Christopher Wong suggest that USD/SGD has dipped somewhat lower, thanks to the US Dollar weakening and lower US yields. Singapore's import prices, on the other hand, have surged, particularly energy costs, indicating strong inflation. Despite a stronger-than-anticipated US GDP, market sentiment remains cautious about a significant USD/SGD rebound, with key support and resistance levels guiding short-term trading.
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