forex

As Middle East conflict rages, DBS urges SMEs to hedge at least half their FX exposure – not time the market

This comes as the bank expands its SecureFX facility to all corporate clients in Singapore

BT
THRIVE NEWSLETTER

What US dollar movements mean for Singapore investors

[SINGAPORE] The US dollar has been on a bumpy ride in recent months. 

The Singapore dollar has fallen 1.1% against the greenback in the last five days, weakening alongside other major currencies in the region.

Asian currencies dragged lower by oil spike, with Fed path and Middle East trajectory key risks ahead

But analysts say energy prices are unlikely to shape the region’s currency trajectory over a sustained period

The renminbi's recent winning streak against the greenback – the longest in over a decade – is a sign that Beijing is warming up to the idea of a stronger renminbi, says the writer.
THE BOTTOM LINE

A crisis lurks as Asians bring money back home

Repatriation, or the ‘Sell America’ narrative, will be a key theme

JPMorgan volatility indices show developing nations’ currencies have swung less than their G7 peers for nearly 200 straight days.

Carry trade, commodities make EM currencies more stable than G7

Weaker US dollar and expectations for gradual Federal Reserve easing have reduced pressure on developing markets

In the last fiscal year, Japan has posted a record surplus of 5.4 trillion yen from a special government account for currency reserves.

Japan’s US$1.4 trillion FX reserves under scrutiny as Takaichi hunts for revenue sources

She pledges to speed up deliberation on suspending the 8% tax on food sales for two years without issuing new debt

The rebound in FX trading follows reports on Jan 23 that US authorities had conducted so-called “rate checks” in the US dollar-yen market.

Asian banks’ FX desks brace for volatility as yen intervention risks return

Pickup comes despite a high base a year earlier when investors positioned for the return of Trump to the White House

The RBI's US$10 billion US dollar/rupee buy-sell swap has coincided with the jump in reserves by about US$36 billion in just three weeks until Jan 30.

India’s forex reserves rise to record high of US$723.8 billion

They are up by about US$14 billion, from the week ending in Jan 23

The ringgit's rally is being driven by a range of structural factors beyond the dollar’s broad weakness, such as rising investment flows and the country’s growth momentum.

Malaysia sees further upside for ringgit, 2026 growth forecast

The ringgit has risen 3% this year after gaining around 10% in 2025

The Singdollar remains a bastion of stability, but the currencies around it are on the move.

How strong is the Singdollar? These charts show how it is performing against regional currencies

These seven charts track the Singapore dollar against key currencies over the last six months