OCBC wrote that USD\/SGD has been trading in a tight range around the low-1.29s, and that the recent US Dollar pullback after US CPI did not gain traction as geopolitical tensions and an AI-related sell-off weighed on sentiment. The pair was last reported at 1.2917. Momentum was described as mildly bearish, while the RSI was said to have risen.<\/p>\n\n
Attention is shifting to Singapore CPI on 23 July, followed by the Monetary Authority of Singapore policy review, expected in the week of 27\u201331 July. <\/p>\n\n
OCBC\u2019s stated house view is that MAS will stay on hold after April\u2019s modest tightening, while monitoring inflation developments alongside still-elevated energy prices. Near-term direction was framed as primarily dependent on broader USD moves and risk sentiment.<\/p>\n\n\n\n