{"id":21063,"date":"2025-04-21T06:19:39","date_gmt":"2025-04-21T06:19:39","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=21063"},"modified":"2025-04-21T06:19:39","modified_gmt":"2025-04-21T06:19:39","slug":"singaporean-dollar-rises-amidst-trump-threats","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/singaporean-dollar-rises-amidst-trump-threats\/","title":{"rendered":"Singaporean Dollar Rises Amidst Trump Threats"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/download-11-2-1024x559.png\" alt=\"\" class=\"wp-image-21064\"\/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>USDSGD slips 0.5%<\/strong>, touching a low of 1.30345.<\/li>\n\n\n\n<li>Market sentiment remains under pressure from President Trump&#8217;s <strong>rhetoric against U.S. institutions<\/strong>, especially the Federal Reserve.<\/li>\n\n\n\n<li>Geopolitical instability and U.S. policy uncertainty continue to weigh on the dollar.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Singapore Dollar Strengthens Amid U.S. Economic Volatility <\/h2>\n\n\n\n<p>The Singapore dollar gained against the U.S. dollar on Thursday, pushing USDSGD down <strong>0.5<\/strong>%, with the pair reaching a low of <strong>1.30345<\/strong>, its<strong> lowest intraday level since October<\/strong>. This movement was driven by market concerns over U.S. political developments, particularly <strong><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/dollar-tumbles-as-fed-independence-under-threat-from-trump\/ar-AA1DhUbm?ocid=BingNewsSerp\" target=\"_blank\" rel=\"noopener\" title=\"\">President Donald Trump&#8217;s ongoing criticisms of the Federal Reserve<\/a><\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Stocks and dollar fall as Trump&#39;s Fed attacks jangle nerves <a href=\"https:\/\/t.co\/0WEpw78cKH\">https:\/\/t.co\/0WEpw78cKH<\/a> <a href=\"https:\/\/t.co\/kdNSTGxJS1\">pic.twitter.com\/kdNSTGxJS1<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1914179810206589026?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Trump&#8217;s attack on Fed Chairman Jerome Powell, stating that &#8220;Powell&#8217;s termination cannot come fast enough,&#8221; has <strong>fueled concerns about the stability of U.S. institutions<\/strong>. These comments have intensified the sell-off of U.S. assets, leading to a weaker dollar and <strong>bolstering currencies like the Singapore dollar<\/strong>.<\/p>\n\n\n\n<p>Despite these developments, the Singapore dollar remains relatively resilient, supported by safe-haven demand amid global market instability. The broader risk-off sentiment continues to fuel the sell-off in U.S. assets, thus reinforcing the SGD&#8217;s gains.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Outlook for USDSGD<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"453\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/21.4_1-1024x453.jpg\" alt=\"\" class=\"wp-image-21065\"\/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: USDSGD faces resistance at 1.31307, with downward pressure near 1.30345\u2014learn more on the&nbsp;<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p><strong>USDSGD<\/strong> decreased by <strong>-0.47%<\/strong>, closing at <strong>1.30397<\/strong> after opening at <strong>1.3101<\/strong>. The pair saw a decline, reaching a low of <strong>1.30345<\/strong>, before retracing slightly to close near <strong>1.30397<\/strong>.<\/p>\n\n\n\n<p>The <strong>moving averages<\/strong> (MA 5,10,30) show a bearish bias, with the shorter-term moving averages below the longer-term ones. This suggests potential further downside momentum. The <strong>MACD (12,26,9)<\/strong> supports this trend, showing a negative histogram as the MACD line (blue) remains below the signal line (yellow).<\/p>\n\n\n\n<p>Key levels to monitor include <strong>1.31307<\/strong> as immediate resistance and <strong>1.30345<\/strong> as support. A break below support could suggest further downside movement, while a rise above resistance may signal a potential reversal.<\/p>\n\n\n\n<p>USDSGD is currently under selling pressure, with the price trending downward. A sustained move below <strong>1.30345<\/strong> could indicate further declines, while a move above <strong>1.31307<\/strong> might signal a bullish reversal. Keep an eye on global market developments to gauge future movements.<\/p>\n\n\n\n<p>As political and economic uncertainties surrounding U.S. policies continue to unfold, the USDSGD pair may face further downward pressure in the short term. Market participants will be closely watching the developments in the U.S. political environment, particularly regarding Trump&#8217;s stance on the Federal Reserve and broader trade policies.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong>&nbsp;and&nbsp;<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a><\/strong><strong>&nbsp;now.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Singapore dollar strengthens against the U.S. dollar, driven by political uncertainty and Trump\u2019s attacks on the Federal Reserve. USD\/SGD slips to 1.30345 amid market jitters. -vtmarkets.com<\/p>\n","protected":false},"author":66,"featured_media":21064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[9,10],"class_list":["post-21063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-dollar","tag-forex"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/21063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=21063"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/21063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/21064"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=21063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=21063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=21063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}