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Investing.com - UBS has revised its quarterly USD/SGD forecasts upward to 1.28 from March through December 2026, according to a report released by the Swiss investment bank.
The new projections represent an increase from UBS’s previous forecasts of 1.27 in March, 1.26 in June, and 1.25 in September 2026, indicating a sideways trading range of 1.25-1.31 throughout 2026, with 1.28 serving as the midpoint of this range.
UBS cited a change in its broad USD view as the key motivation for the forecast adjustment, noting that it sees the dollar moving in two distinct phases, though specific details about these phases were not fully elaborated in the report.
The investment bank recommends hedging the downside risk for USD/SGD primarily on a 3-4 month horizon based on its updated outlook for the currency pair.
UBS further advised that once the exchange rate approaches the 1.28 level, hedging USD exposure would become less necessary as the upside and downside risks to USD/SGD would appear more balanced.
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