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Singdollar, regional currencies fall as Trump win fuels trade concerns

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The Singapore dollar and other regional currencies slumped on Thursday on fears US presidential nominee Donald Trump will enact protectionist policies that will hurt demand for Asian exports.

[SINGAPORE] The Singapore dollar and other regional currencies slumped on Thursday on fears US presidential nominee Donald Trump will enact protectionist policies that will hurt demand for Asian exports.

The Singdollar briefly touched 1.4 per US dollar at 8:48am, a level it last closed below back on March 2 this year. At 10.10am, the Singapore currency was trading at 1.3988, up 0.6 per cent from its close on Wednesday of 1.3905.

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