HKD/SGD Exchange rate

Gold price stretches its record-setting rally toward $3,150 in European trading on Monday. The bullion continues to capitalize on safe-haven flows amid intesifying global tariff war fears. US economic concerns weigh on the US Dollar and Treasury yields, aiding the Gold price upsurge. 

EUR/USD is holding steady below 1.0850 in early Europe on Monday. The pair draws some support from a broadly weaker US Dollar but buyers stay cautious ahead of Germany's prelim inflation data and Trump's reciprocal tariff announcement. 

GBP/USD keeps the green near 1.2950 in the European morning on Monday. Concerns that US President Donald Trump's tariffs will ignite inflation and dampen economic growth weigh on the US Dollar and act as a tailwind for the pair. 

The crypto market lost over $130 billion in market capitalization the previous week. Major cryptocurrencies like Bitcoin, Ethereum, Ripple, and Solana fell 5.9%, 10.9%, 15% and 10.1%, respectively, according to CoinGecko data. 

Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.