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.
The European Union's top diplomat Kaja Kallas and several EU foreign ministers voiced their suppo...
Explosions were heard in the Syrian capital Damascus as Israeli air d...
The UK will pay France £16.2 million to continue beach patrols for two months, as both sides race to agree a new deal to curb small boat...
Grammy-winning rapper Megan Thee Stallion was hospitalised in New York City after she fell ill mid-performance during a Broadway production of '...
A Russian military An-26 aircraft has crashed in Crimea, killing all 29 people on board, Russia’s Defence Ministry has confirmed....
The European Union's top diplomat Kaja Kallas and several EU foreign ministers voiced their support for Ukraine's demand for accountability over Russian atrocities committed in Bucha, as they visited the small town on Tuesday (31 March) on the fourth anniversary of a massacre there.
Explosions were heard in the Syrian capital Damascus as Israeli air defences intercepted Iranian missiles, Syrian state television reported on Tuesday.
The UK will pay France £16.2 million to continue beach patrols for two months, as both sides race to agree a new deal to curb small boat crossings across the Channel amid rising migrant numbers and political pressure.
Grammy-winning rapper Megan Thee Stallion was hospitalised in New York City after she fell ill mid-performance during a Broadway production of 'Moulin Rouge! The Musical'.
U.S. President Donald Trump has said that the U.S is in talks with the new Iranian regime. He said this in a post on his Truth Social account but warned that the U.S. will "Obliterate" Iran's electric and oil facilities if no deal is reached, especially regarding the Strait of Hormuz closure.
The Iran-U.S.-Israel conflict is intensifying, with fresh strikes near Tehran, European calls for restraint, and Iran threatening to target U.S. firms in the region, raising fears of a broader escalation across the Middle East.
The war in Iran has rapidly upended regional security, triggering spillover across the Middle East and raising fears of wider economic disruption that could threaten globalisation.
The Israeli military said on Monday that Iran launched multiple waves of missiles at Israel, and an attack had also been launched from Yemen for the second time since the U.S.-Israeli war began on Tehran. It said two drones from Yemen were intercepted early 30 March but gave no further details.
Japan’s growing interest in Caspian crude reflects a pragmatic response to uncertainty in global energy markets and its continued reliance on the Middle East for more than 90% of its oil imports.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
World Trade Organization (WTO) talks broke up with no agreement on Monday on a plan for reform or even on extending a moratorium on e-commerce, piling more pressure on the trade body that finds itself increasingly sidelined by economic nationalism.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment