The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Greenback fades as Singapore dollar, ringgit, baht shine in Asean foreign exchange shift

Regional currencies are strengthening as US dollar outflows accelerate, with selling pressure mounting amid ongoing tariff tensions

Summarise
google-preferred-sourceAdd BT as a preferred source
Evan See

Evan See

Published Thu, Jun 12, 2025 · 02:19 PM
    • A trend of 'de-dollarisation' has taken hold in global markets as the greenback loses its charm among Asean investors and corporates.
    • A trend of 'de-dollarisation' has taken hold in global markets as the greenback loses its charm among Asean investors and corporates. PHOTO: REUTERS

    [SINGAPORE] US-Asean foreign exchange (FX) markets were lukewarm as announcements of a China-US trade agreement revealed few details following talks in London on Wednesday (Jun 11), with widespread uncertainty now becoming the norm for investors.

    DBS analysts Eugene Leow and Philip Wee said: “Implied volatility is now reflecting little to no stresses and is essentially back at pre-Liberation Day levels.”

    This hardly surprised market analysts, who observed that mere hints of favourable news – in a world where policy reversals have become the norm – are no longer as likely to move markets. 

    Asean BusinessUS dollarRinggitbahtrupiahpesoCurrenciesSingapore dollar

    TRENDING NOW

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

    Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More