Singapore dollar closes in on 10-year high as Trump tariff turmoil saps US dollar dominance

Quick Summary:

The Singdollar was trading at 1.2964 per USD at 9.30am on May 6, up 4.6% to date in 2025.

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 Singapore dollar 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.

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Article Details

Author / Journalist: Ovais Subhani

Category: EconomyBusiness

Markets: Singapore

Topics: Closing Date 2964 Dollar Reached 2025 2807 Trading Singapore Cent 10-year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 13:25:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 149 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28431024

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