SGD Market Update
14 May 2026 • 00:29 GMT
The Singapore dollar remains relatively steady, currently near seven-day lows around 0.7857 against the US dollar. This marks a slight dip but still stays above its three-month average, with the pair trading within a narrow range from 0.7736 to 0.7923. Market attention continues to focus on Singapore's possible measures to tighten monetary policy, especially as rising oil prices could pressure inflation further. The MAS might consider increasing the SGD's NEER slope if inflation stays elevated, which could support the currency.
Meanwhile, the USD has eased over the past week amid easing geopolitical tensions, trading below its 200-day average and suggesting a cautious, slightly weaker bias. Despite this, some caution remains due to underlying concerns about inflation and potential Fed rate moves.
In regional currency moves, the SGD has shown resilience against currencies like the euro and the yen. It is near its three-month average against both, with the SGDJPY reaching seven-day highs close to 124.1. Overall, the SGD’s recent stability suggests traders are waiting for clearer signals on macroeconomic and geopolitical developments. Significant moves are unlikely unless there are major policy shifts or geopolitical breakthroughs.
📊 Quick forecast view
🔴 Mild downside
0.7790 – 0.7920
🏦 Central bank policy divergence
⚪ Range-bound
