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It’s been a tough few months for believers in the currency market version of Pax Americana.Dollar critics confidently proclaim that its reign is over. In Asia, this is a "sell America” moment. Any sane investor is scouring the planet for an alternative — one that offers all the advantages of the incumbent but none of the downside. Europeans also want in, extolling the virtues of the euro.Good luck with that. One of my reservations about this bearishness isn’t that the upheavals induced by U.S. President Donald Trump — tariffs, an...

On 9 April 2025, the United States announced a 10% blanket tariff on imports from countries — including Singapore — that haven’t retaliated against earlier US trade actions. There's also a 90-day pause on further tariff escalation, set to end on 8 July 2025.The introduction of these new tariffs and its impact on trade and the global economy could influence investor confidence, household sentiment, and ultimately, the property market here in Singapore. We've broken down how this could happen through 3 potential scenarios: if tariffs hold steady, escalate, or shift toward specific...

While the tariffs do not directly impact Singapore’s housing market, their knock-on effects on GDP growth and employment could weigh on home-buying sentiment (Photo: Samuel Isaac Chua/EdgeProp Singapore)In the Netflix series The Residence, a murder mystery set in the private quarters of the White House, there was one clear victim: the chief usher. In US President Donald Trump’s world-stage drama – the “Liberation Day” announcement on April 2 – the victim was no longer fictional but real and far more consequential: the global order.“The era of rules-based globalisation and free...

Have you checked your 401k balance since President Donald Trump announced widespread tariffs last week on what he called “Liberation Day”? Chances are, it’s down — maybe way down. The markets have lost more than $11 trillion since Trump’s inauguration and more than half of that happened on Thursday and Friday, according to global investment research company Morningstar. On Monday, the CEO of the world’s largest asset manager, Larry Fink of Blackrock, said stock markets could fall by another 20% because of the tariffs and said the economy is probably...

As Donald Trump’s tariffs on countries across the world continue to send shockwaves in the global economy, many experts fear the worst is yet to come. Overnight, the US president sparked a trade war overnight with partners in all continents with many retaliating in turn. The US president has said the tariffs are necessary to counter trade imbalances with nations that have been ‘pillaging’ the US, although some economists have called his administration’s sums into question. Defending the measures, US secretary of state Marco Rubio said: “Businesses around the world,...

Listen to article Global markets experienced severe turbulence on Thursday after US President Donald Trump announced sweeping tariffs, including a baseline 10% duty on all imports and higher levies on key trading partners. The news led to sharp declines in stock markets, falling currencies, and rising commodity prices, with analysts warning of broader economic impacts. Futures on US indices tumbled, with the S&P 500 dropping more than 3%, while Asian markets also suffered significant losses. The Nikkei 225 in Japan fell by over 3%, while Hong Kong’s Hang Seng and South Korea’s...

Global currencies experienced significant declines on Wednesday as the U.S. dollar soared, spurred by the detention of President Erdogan's main political opponent in Turkey. This geopolitical move unsettled investors and sent the Turkish lira to unprecedented lows, prompting a noticeable shift towards safer assets.The ensuing drop in Turkey's lira reverberated through financial markets, impacting major currencies and spurring capital flows into the dollar. The euro, yen, and other currencies saw declines, while investors kept a close eye on the Federal Reserve's impending decision regarding interest rates.Market analysts, including Michael...