The Business Times
COMMENTARY
·
SUBSCRIBERS

The benign truth hidden behind currency fears

Currencies of developed nations tend to even out in the long term; so their short-term volatility can be overlooked

Summarise
    • Fears that “strong currencies” will hammer corporate profits on exports or cause “deflationary” effects are likely to be unfounded, argues the author.
    • Fears that “strong currencies” will hammer corporate profits on exports or cause “deflationary” effects are likely to be unfounded, argues the author. PHOTO: REUTERS

    Ken Fisher

    Published Mon, Nov 3, 2025 · 07:00 AM — Updated Mon, Nov 3, 2025 · 10:57 AM

    WHETHER a currency is strong or weak, someone always fears its swings. In 2025, it has been worries over US dollar “weakness”.

    Bears hype its 2025 plunge against the soaring euro, Swiss franc and “Asia’s Swiss franc” – the Singapore dollar – as a signal that investors are increasingly fleeing US assets.

    They point an accusatory finger at tariffs, “risky” policy moves, US Federal Reserve independence fears and more.

    Currency warsDonald TrumpUS dollarSingapore dollar

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    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