OCBC sees Singdollar holding firm against USD before Fed meeting
OCBC expects the Singapore dollar to stay resilient against the US dollar in the near term, even as US Treasury yields rise and expectations of a Federal Reserve rate hike build. The bank sees USD/SGD trading in both directions ahead of the FOMC meeting, with resistance at 1.2680 and support at 1.2630, and maintains a range-bound outlook.