SC02 M15 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is around 1.91% wide. The uptrend has lasted 1 day 4 hours 15 minutes, with the largest recorded price increase at 11.66%. If price loses this support zone, the trend will likely reverse downward.
MAS Surprises Markets With Mild Tightening, Supporting the Singapore Dollar
🏦 The Monetary Authority of Singapore slightly increased the appreciation rate of the S$NEER policy band, marking its second consecutive tightening move in 2026. The adjustment was smaller than in April, while the band’s width and midpoint remained unchanged.
📊 The decision surprised markets, as 12 of 16 analysts had expected no policy change. The Singapore dollar strengthened modestly to around 1.2888 per US dollar following the announcement.
📈 MAS said core inflation rose to 1.5% in the second quarter, while Singapore’s economy expanded 5.7% year-on-year. Higher energy, food and import costs have kept price stability at the centre of policy.
🔎 The move signals controlled tightening and may help the Singapore dollar remain relatively firm without placing significant pressure on economic growth.