The Singapore dollar weakened slightly against the US dollar, and traders weighed mixed signals of US tariffs. Commonwealth Bank of Australia's Carol Kong said in a research report: “After announcing a temporary exemption from tariffs on electronic products, US President Trump said he is exploring temporary exemptions for imported cars and parts to give automakers more time to build factories in the US.” However, the economist and monetary strategist said, “Plans to levy tariffs on imports of semiconductor and pharmaceutical products are still ongoing.” Kong added that uncertainty about US policy making and the global economic outlook is still high. The US dollar rose 0.1% against the Singapore dollar to SGD 1.3161.

The Singapore dollar weakened slightly against the US dollar, and traders weighed mixed signals of US tariffs. Commonwealth Bank of Australia's Carol Kong said in a research report: “After announcing a temporary exemption from tariffs on electronic products, US President Trump said he is exploring temporary exemptions for imported cars and parts to give automakers more time to build factories in the US.” However, the economist and monetary strategist said, “Plans to levy tariffs on imports of semiconductor and pharmaceutical products are still ongoing.” Kong added that uncertainty about US policy making and the global economic outlook is still high. The US dollar rose 0.1% against the Singapore dollar to SGD 1.3161.