Trump, tariffs and the tumble of the US dollar

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Claressa Monteiro

Published Fri, Jul 4, 2025 · 05:46 PM

SGX’s Geoff Howie breaks down how US trade negotiations, tax bills and the latest jobs report are shaping Asia's markets. PHOTO: ADOBE STOCK

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Trade threats. Sliding currencies. Shifting rate expectations. In the debut episode of Market Focus Weekly by The Business Times, host Emily Liu sits down with Geoff Howie, market strategist at Singapore Exchange (SGX), to break down the headlines roiling Asian markets.

From Washington’s tariff deadlines to Singapore’s stock market highs, this is your Friday must-listen for what’s actually moving the region’s markets and why it matters.

Why listen?

Tariffs are back on the table President Trump’s July 9 deadline looms. Markets are bracing for a fresh wave of economic uncertainty.

The US dollar is down 10% And that’s reshaping capital flows into Asia. Will it continue?

Fed rate cuts just got downgraded Markets expected 75 basis points. Now it’s looking like 50. What changed?

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Gold is quietly surging Inflows into SGD-denominated ETFs are up. Investors are hedging and watching.

Oil prices remain volatile Energy counters on the SGX are swinging. Here’s where the action is.

Market Focus Weekly cuts through the noise so you can follow the signals. Catch Episode 1 now because in markets, timing is everything.

Asia: Markets mixed as Trump warns tariff letters to be sent soon

The US dollar is down more than 10 per cent so far in 2025, a historic retreat that has overlapped with occasional spikes in long-term US Treasury yields.

As US stocks hit records, experts see the dollar falling further

Questions or feedback? Reach us at btpodcasts@sph.com.sg.

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Written and hosted by: Emily Liu (emilyliu@sph.com.sg)

Produced and edited by: Howie Lim & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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