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USD/SGD extreme low volatility could lead to explosive price action

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Published Sun, Apr 28, 2019 · 09:50 PM

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    Singapore

    THE extreme low volatility of the US dollar against the Singapore dollar is rare and untenable and could portend a multi-year explosive price action, said a United Overseas Bank strategist.

    USD/SGD started the year at 1.3628 and the trading range has been between 1.3680 and 1.3444 - or 236 pips - noted UOB market strategist Quek Ser Leang. The trading range of 236 pips is the smallest since July 2014 on a four-month basis, said Mr Quek. The exchange rate last Friday was 1.3625, near the level at the start of 2019.

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