The Singapore dollar gains ground against the U.S. dollar, driven by growing momentum in the so-called “sell America” trend triggered by renewed tariff threats.
During the Asian session, the Singapore dollar strengthened against the U.S. dollar as analysts noted a potential acceleration of the “sell America” trade. Westpac Strategy Group’s Richard Franulovich stated that President Trump’s renewed tariff threats last Friday may have catalyzed this movement. He added that regardless of whether the threats are tactical, they reinforce the structural bearish case against the U.S. dollar. As a result, USD/SGD dropped 0.3% to 1.2818.
In related currency movements, AUD/USD maintained a bullish outlook above 0.6400, bolstered by a bullish engulfing pattern observed on Friday, according to Matt Simpson from StoneX. Trading around 0.6512, the pair faces key resistance at 0.6515 and 0.6550.
Meanwhile, the yen weakened amid mild risk-on sentiment after President Trump agreed to delay EU tariffs until July 9. Analysts from Commerzbank warned that policy inconsistencies within the Trump administration could heighten market uncertainty.
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Israeli forces struck Gaza City’s outskirts overnight with air and ground fire, destroying homes and prompting further civilian displacement. Prime Minister Benjamin Netanyahu’s security cabinet was scheduled on Sunday to discuss a plan for a wider operation to take control of the city.
Ilham Aliyev, President of the Republic of Azerbaijan, held a meeting with Xi Jinping, President of the People's Republic of China, on August 31 in Tianjin, China.
The Shanghai Cooperation Organisation (SCO) summit opened in Tianjin on 31 August, gathering leaders from across Eurasia and the Global South.
Chinese President Xi Jinping told UN Secretary-General Antonio Guterres in Tianjin that China will always be a reliable partner of the United Nations, pledging deeper cooperation and support for the organisation’s global role.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
YouTube TV and Fox have reached a distribution agreement that will keep Fox News, Fox Sports and other Fox channels available to subscribers, the companies confirmed on Thursday.
The S&P 500 and Dow Jones Industrial Average closed at record highs on Thursday (28 August), after Nvidia’s quarterly report fell short of investors’ lofty expectations but confirmed that demand for artificial intelligence (AI) infrastructure remains strong.
Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
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