SGD Market Update
08 Jun 2026 • 00:28 GMT
The Singapore Dollar has recently traded near 60-day lows against the US Dollar, with the pair at around 0.7745. This level is just 1% below its 3-month average of 0.7822, reflecting a period of relative stability within a tight range. Despite this, the SGD remains firm according to OCBC’s FX strategists, supported by a strong NEER and Singapore’s cautious monetary policy stance.
US economic data and geopolitical tensions continue to influence USD strength. The US dollar has gained some ground amid concerns over Middle East tensions and resilient US economic indicators, such as strong employment data. These factors have kept USD/SGD close to the lower end of recent ranges.
Looking ahead, analysts expect the SGD to stay supported and possibly drift lower towards 1.26 against the USD by year-end, especially if Singapore’s monetary tightening persists. The pair’s support level is around 1.2750, with resistance near 1.2800. Any shifts in US interest rate expectations or Singapore’s policy signals could impact the currency’s direction. For retail traders, monitoring these key levels can help navigate potential volatility.
📊 Quick forecast view
🟢 Mild upside
0.7740 – 0.7870
🌍 Global risk sentiment
⚪ Range-bound
