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Singapore dollar closes in on 10-year high as Trump tariff turmoil saps US dollar dominance
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The Singdollar was trading at 1.2964 per US dollar on May 6, up 4.6 per cent to date in 2025 and closing in on the 10-year high of 1.2807 reached in September 2024.
PHOTO: LIANHE ZAOBAO
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SINGAPORE – The Singapore dollar has emerged as one of the winners from the chaos of President Donald Trump’s trade policy, which has triggered a global sell-off in assets denominated in the once mighty US dollar.
The local currency was trading at 1.2964 per US dollar at 9.30am local time on May 6, up 4.6 per cent to date in 2025 and closing in on the 10-year high of 1.2807 reached in September 2024.
