USD/SGD: Losses unwind as MAS bets fade – OCBC

💡 DMK Insight

The USD/SGD pair is showing signs of recovery, and here’s why that matters right now: With the recent headlines around US tariffs, traders are recalibrating their positions. The softer risk appetite suggests that investors are pulling back, which is typically a bullish signal for the USD against the SGD. The expectation of reduced tightening from the Monetary Authority of Singapore (MAS) in April adds another layer of complexity. If the MAS doesn’t tighten as anticipated, it could lead to further weakness in the Singapore Dollar, making the USD/SGD pair a focal point for traders looking for potential gains. Look for key resistance levels around the recent highs, as a break above could signal a stronger bullish trend. Conversely, if the pair fails to hold above these levels, it might indicate a short-term pullback. Keep an eye on broader market sentiment and any new developments regarding US tariffs, as these could trigger volatility in both currencies. Monitoring the daily charts for patterns will be crucial in determining your next move.