Date 21 Apr 25 (Mon) : Trump's ever-changing policies keep us on our toes
- Ada Tam Ying Ying
- 2 days ago
- 1 min read
Singapore Data this week: Wed, 23 Apr : CPI
Fri, 25 Apr : Industrial Production YoY (previous -1.3%)
U.S. Key Event
Coming 2025 FOMC Meetings ; May. 6-7
Summary
U.S had been suffering with a mass selling of stocks and bonds since last week, even dollars also fell triggered by the decreasing confidence levels of many investors. And today, Trump's policies had overshadowed the significance of economic data which are used to benchmark the economic performance, instead we benchmark economic data now against with the ever-changing policies from Trump.
When the current situation is getting more uncertain, more fund managers are likely to switch their flow of funds away from U.S. to other part of the worlds. We can see other currencies are getting strength against dollars these few days, like Yen, Swiss Franc.. And in addition, China also no longer giving in to U.S. like before [‘Bring it on, Trump, we’re ready’: Chinese stand firm on tariff war despite risks : link], the chances are U.S. may face more selling pressure whereas other markets may benefit from the fund diverification
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