Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
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Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Thailand Inflation Remains Negative for 10th Straight Month in January 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Asian currencies were mostly flat on Monday after a week of losses, as investors remained cautious amid fresh U.S. tariff threats and mixed signals from global trade data. The U.S. Dollar Index edged up 0.1% during Asian trading hours, with Dollar Index Futures also rising 0.1%.
Market focus shifted to escalating trade tensions after former President Donald Trump announced a 30% tariff on most European Union and Mexican imports starting August 1. The EU responded by extending a pause on retaliatory tariffs, signaling hopes for a diplomatic resolution. Trump had also unveiled tariffs last week targeting Japan, South Korea, Canada, Brazil, and copper imports, and threatened a 10% tariff on BRICS-aligned nations.
Currency markets stayed subdued as traders avoided major positions amid the policy uncertainty. The Japanese yen (USD/JPY) and South Korean won (USD/KRW) remained largely unchanged, while the Australian dollar (AUD/USD) slipped 0.2%. The Indian rupee (USD/INR) rose 0.2%, and the Indonesian rupiah (USD/IDR) gained 0.3%.
Meanwhile, Singapore’s Q2 GDP exceeded expectations, driven by resilient electronics and manufacturing exports. However, the government warned of growing downside risks in H2 2025 due to volatile U.S. tariff policies. The Singapore dollar (USD/SGD) held steady.
In China, trade data showed a stronger-than-expected rise in the June trade surplus, helped by improved exports amid recent tariff reductions with the U.S. Both the onshore yuan (USD/CNY) and offshore yuan (USD/CNH) remained stable.
Investors are closely watching further trade policy developments as markets look for clarity on global economic direction.
