As observers and global investors have noted, US Treasuries and the dollar are trusted because of the rule of law. When that trust breaks down, as seen in unrest in US cities and volatility around tariffs and threats to allies, investors begin to question the greenback’s status as a reserve currency. In recent weeks, the AUD has gained ground against the greenback.
With the US dollar under pressure and Australian rates staying high, the Australian dollar is rising. That could help Singapore REITs, but investors should not assume the gains will be automatic
Geopolitics has slowed what appeared to be a long-term strengthening of the Singapore dollar (SGD) against the Australian dollar (AUD), largely due to US dollar (USD) weakness and uncertainty around the Trump administration’s policies.
