Singapore Dollar Faces Pressure From US Tariffs, Policy Shift

Singapore’s dollar is under renewed pressure as US trade challenges are primed to worsen and as speculation of exchange-rate policy easing rises.

The Asian currency, which is already weakening as the US dollar recovers, faces fresh tariff threats after President Donald Trump recently warned he may impose levies on pharmaceuticals and semiconductors, two of Singapore’s key exports. Economists at firms such as Barclays Plc and Asia Decoded Pte. expect the Asian nation’s central bank to move to a more accommodative policy setting this month to support the economy.