Singapore dollar (SGD) Exchange Rates & Currency Deals

Bias USD/SGD sits in the lower half of the 3-month range and below the 90-day avg. Bearish-to-range-bound bias, with moves likely tied to Fed timing and MAS policy. Key drivers - Rate gap: Fed policy is expected to move toward a neutral stance with rate cuts in 2026, while MAS has kept an accommodative stance. - Macro factor: MAS kept its policy stance amid tariff risks, and Singapore's growth is seen near trend, offering SGD support. Range USD/SGD is likely to drift within the 3-month range, with a tendency toward the lower end. What could change it - Upside risk: stronger US data or signals that the Fed will delay cuts could push USD/SGD higher. - Downside risk: MAS signaling a clearer path for Singapore easing or stronger Singapore data could push USD/SGD lower