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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...