The MAS also manages the city’s foreign reserves to keep the Singapore dollar (SGD) fixed within an undisclosed MAS-defined range, which is adjusted depending on financial circumstances. The currency was formerly pegged to a basket of currencies, the pound sterling (GBP) and the U.S. dol...
Hourly Chart From a technical perspective, this is also a good time to short USD/SGD as prices are rebounding from the underside of the rising Channel Bottom. 1.254 soft support has also been broken, and we could see 1.252 being tested. Whether price can break 1.252 and open up further be...