archiveSingapore dollar

By Selena Li, Yantoultra Ngui and Anton Bridge HONG KONG/SINGAPORE (Reuters) -A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say. The rally in the currencies since last week, starting with the Taiwan dollar and spreading outwards to those of China, Hong Kong, Malaysia, Singapore and South Korea, sounds a warning for the greenback, and is seen as an "Asian crisis in reverse"....

The US dollar has been weaker on the back of tariffs and softness internally in terms of expected growth, said Mr Saktiandi Supaat, head of FX research at Maybank. “We observe that there is a diversification away from the USD and the SGD appears to be one of the beneficiaries of this theme,” he said, adding that the Monetary Authority of Singapore’s (MAS) policy stance is also responsible for the steady appreciation of the Singapore dollar. Mr Saktiandi, who is also a Member of Parliament, said Singapore’s stability and strong...

By Rae Wee and Samuel Shen SINGAPORE/SHANGHAI (Reuters) -A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses in U.S. assets. Ripples from Friday and Monday's record rally in the Taiwan dollar are now spreading outward, driving surges for currencies in Singapore, South Korea, Malaysia, China and Hong Kong. The moves sound a warning for the dollar because they suggest money is moving in to Asia at scale and...

BENGALURU: Emerging Asian currencies strengthened on Monday as renewed pressure on the dollar, this time from President Donald Trump’s criticism of the Federal Reserve, deepened concerns over central bank independence and added to uncertainty in global markets. The Thai baht led regional gains, just shy of its early October high, while the Singapore dollar rose 0.5% to 1.3040, its strongest level in six months. The dollar slid to a three-year low after the Trump administration criticised Fed Chair Jerome Powell last week and floated the idea of firing him. “It...

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...

BENGALURU: Emerging Asian stocks were mixed while most currencies declined on Monday as concerns about flip-flopping US tariffs and a slowing US economy weighed on sentiment, with the Philippine peso being the only outlier. Most regional currencies were unable to leverage the softer US dollar, with the Indonesian rupiah depreciating 0.3% while Singapore dollar, Malaysian ringgit and Thai baht trading marginally lower. “The ongoing US trade probe, set to conclude by April 1, may trigger further tariff headlines, adding to FX uncertainty,” Goldman Sachs analysts wrote. Over the weekend, US...