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SINGAPORE – Singapore retail investors holding US equities have had to contend with a weakening US dollar in 2025, which is eating away at their investment gains when converted back to Singapore dollars.

The greenback fell after US President Donald Trump first announced

his “Liberation Day” tariffs on April 2.

It hit a low against the Singdollar of $1.271 on June 30, recovering slightly since then to around the $1.28 level.

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