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...