SGD Market Update
07 Jul 2026 • 00:29 GMT
The Singapore Dollar remains relatively stable against the US Dollar, trading at around 0.7741, which is just 0.8% below its three-month average. The pair has held within a narrow range, indicating cautious but steady sentiment. Despite recent signs that momentum is fading for the USD as market focus shifts to upcoming economic data and Federal Reserve policies, the SGD has benefited from strong local policy support and a resilient NEER level.
Mostly, the SGD has edged higher against other major currencies like the euro and the Canadian dollar, with the SGD/CAD recently trading at 1.0999, near 90-day highs. Conversely, its position against the Japanese yen remains elevated, with the pair at about 125.5, slightly above its 3-month average.
For now, the Singapore Dollar's outlook points to potential gains if US dollar weakness continues and local support levels hold. However, traders should watch for any shifts in US economic signals or policy expectations, which could influence the SGD’s short-term movements. The overall trend remains cautiously optimistic for the SGD amid stable trading ranges across most major pairs.
📊 Quick forecast view
🔴 Mild downside
0.7750 – 0.7890
⚖️ Interest-rate differentials
🟢 Uptrend
