ECB's Lagarde on Inflation: ‘Target Reached' But Not Mission Accomplished
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Yahoo
3 hours ago
- Yahoo
Singapore dollar has shot at climbing to parity, Jefferies says
By Rthvika Suvarna and Marcus Wong (Bloomberg) — There's a chance the Singapore dollar will strengthen to parity against its US counterpart in the next five years, according to Jefferies Financial Group Inc. The island's currency has appreciated against virtually all its major peers since the Federal Reserve began raising interest rates in March 2022, confirming its role as the 'Swiss franc of Asia,' strategist Christopher Wood wrote in the firm's Greed & Fear newsletter. Switzerland is likely to return to negative rates sooner rather than later, based on discussions with investors in Zurich, while Singapore's bond yields still look attractive to conservative money focused on wealth preservation, Wood said. 'It is not so far-fetched to project the Singapore dollar trading to parity against the US dollar on a five-year view, which implies an appreciation of 28 per cent,' Wood wrote. The Singapore dollar has gained more than 6 per cent versus its US peer this year, while Bloomberg's Asia Dollar Index has risen just 3.9 per cent. The Swiss National Bank cut its benchmark interest rates to zero in June, and signalled it was ready to go further to push back against franc appreciation. Swiss 10-year government bonds currently yield around 0.4 per cent, versus a level of about 2.15 per cent for similar-maturity Singapore debt. More stories like this are available on ©2025 Bloomberg L.P.
Entrepreneur
6 hours ago
- Entrepreneur
Why This Market Dip Is Your Chance to Accelerate Product Velocity, Win Customers and Own the Next Cycle
When markets go quiet and headlines fade, the founders who keep building, shipping, and listening are the ones who will be ready when the next bull run erupts without warning. Opinions expressed by Entrepreneur contributors are their own. Crypto volumes have plunged from a post-Trump election surge of $126 billion to a mere $35 billion. Tech stocks remain sluggish compared to their former highs, even as the dollar hits a decade low. Venture capital feels like it's collectively holding its breath, with top Silicon Valley firms pivoting their business models. This isn't a collapse — far from it. It's a rare, fragile pause. A "wait and see" moment of equilibrium that, like all market pauses, likely won't last. Behind the headlines, a far bigger story is unfolding. The United States and China have quietly reopened high-level trade talks aimed at easing the tensions that have defined the past five years of decoupling and protectionism. According to Bloomberg, these negotiations are among the most serious since Trump-era tariffs began reshaping global supply chains. At the same time, China is reportedly loosening capital controls and courting global investors again, which suggests Beijing views the current economic stall as too risky to endure. If these talks produce breakthroughs — whether tariff rollbacks, a tech export détente or coordinated policy resets — investors can expect a market reaction not seen since early 2021. In short, this stillness may be the calm before the next global bull run. When capital floods back into high-growth sectors, it will do so suddenly and violently. Founders should see this moment for what it is: a gift. The quiet between cycles is the rarest and most valuable time to build. Attention is cheap. Competition is minimal. Customers are more accessible. And though investors seem quiet, they're watching closely for the teams that stayed focused while others lost steam. Related: Today's Biggest Companies Are Acting Like VCs. Here's Why Startup Founders Need to Pay Attention. For startup founders, the single most important mandate now is to increase velocity. This doesn't mean grinding longer hours or chasing a vague idea of "hustle." It means removing friction from your product cycle and delivering tangible features or updates to users every week. If your roadmap is quarterly, break it down into weekly shippable blocks. Tools like Linear and Notion help teams stay aligned without heavy process overhead. For UI or user-facing experiments, Figma remains one of the fastest ways to move from idea to prototype without slowing development. Founders must get hands-on with their products and focus on delivering value to power users. Equally critical is user proximity. It's easy to skip customer conversations when fundraising is tough and feature velocity slows, but that's exactly when listening matters most. Even five brief conversations can reshape your roadmap. Ask simple questions: What frustrates power users right now? What features did they stop using, and why? This feedback doesn't live in dashboards or pitch decks — it lives in the space between what users say and what they wish existed. Another key use of this pause is building owned distribution. Paid channels are overpriced during market stagnation, and unless you've raised a mega-round, you can't outbid incumbents. Instead, focus on organic reach and audience trust. Use content marketing tools like Substack or Beehiiv to grow an email list that's immune to algorithm shifts. Invest time in SEO and keyword ranking. Record short product explainers or vision videos with Loom or Descript — not to "go viral," but to humanize your build process and deepen audience trust through transparency. When markets heat up, people will remember the builders who kept showing up in the quiet— and say, "I've got the alpha on a hot project that's about to pop." Macro signals are aligning. Long-term bond yields are starting to wobble, suggesting markets expect increased government stimulus or monetary easing. Chinese capital markets are showing signs of foreign inflows again, especially in ETF activity across Hong Kong and Singapore. Central bank rhetoric is shifting — from "containment" to "cooperation." Once that shift becomes public and coordinated, markets will snap back, starting with high-risk, high-reward sectors like crypto, AI infrastructure, e-commerce and frontier B2B tooling. Here's the truth most won't say: you won't have time to prepare when that happens. The winners of the next cycle won't be those who waited patiently for conditions to improve. They'll be the founders who treated this silence like a sprint, not an intermission. Then boom! Silicon Valley's legendary VC, Tim Draper, wrote a social media post saying, "Slack transforms communication, Microsoft responds with Teams. Tesla enters the market, and suddenly every automaker rediscovers innovation. Progress happens in bursts of energy." Related: 6 Hidden Costs of Scaling Your Business Too Quickly Being first to market matters. That means launching scrappy MVPs before they're perfect. Writing landing pages before the product is done. Building waitlists and generating buzz, even if customer acquisition costs aren't optimized. This isn't the time for polish; it's the time for presence. Investors remember who shipped, who listened and who made noise without needing a bull market to do it for them. This moment in the cycle doesn't feel urgent, but it is. The silence is a setup. The only founders who survive the surge will be those building now, shipping weekly, while the world isn't watching. Ship faster. Build deeper. Talk to your loyal users. Grow your content channels. Engage. Because when capital returns, it won't send a save-the-date. It will kick the door down. And everything you've built in this quiet stretch will either stand or be swept away when the big players come in.
Bloomberg
8 hours ago
- Bloomberg
US Inflation to Pick Up on More Tariff Pass-Through
After months of seeing very little inflation, US consumers probably experienced slightly faster price growth in June as companies started to pass along the higher cost of imported merchandise associated with tariffs. Prices of goods and services, excluding volatile food and energy costs, rose 0.3% in June, the most in five months, according to a Bloomberg survey of economists. In May, the so-called core consumer price index edged up 0.1%.
