This post was created in partnership with Fullerton Fund Management.
What happened?
The US dollar has been volatile so far in 2025. Since Donald Trump began his second term, a series of abrupt policy shifts, ranging from revived trade tariffs to shifting global alliances, has rattled markets. Confidence in the USD also took a hit. As of 11 July 2025, the Dollar Index (DXY), which tracks the value of the USD against a basket of major currencies, declined 9.8% year-to-date. This is its steepest fall in the past five years. Source: Bloomberg, as of 11 July 2025 With this renewed volatility, I’ve found myself looking for safer, more stable investment options in my spending currency. Naturally, that’s the Singapore Dollar (SGD). As a Singapore-based investor, it makes sense for me to hold more assets in SGD, especially since most of my expenses, liabilities, and daily transactions are…
