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OCBC strategists Sim Moh Siong and Christopher Wong maintain a neutral outlook on the US Dollar (USD), anticipating a firm yet rangebound profile. They cite resilient US economic growth and persistent inflation as key factors supporting the USD's stability. The analysts highlight the dollar's correlation with oil prices, noting that fluctuations in energy markets could influence USD movements. For traders, this suggests limited directional bias in the near term, with volatility likely tied to macroeconomic data and central bank policies. The USD's performance remains critical for global markets, particularly as investors balance risk-on and risk-off trades amid ongoing geopolitical uncertainties.
