US dollar, energy and gold: What to know about currencies and commodities

Person counting US dollar bills

In July, the US Federal Reserve raised its benchmark borrowing rate by 75 basis points for the second consecutive month. This is the central bank’s latest move in taming inflation, which remains high at July’s annual rate of 8.5 per cent. How does this affect the Singapore dollar – and your life? And in uncertain times, is gold a good investment?

In this column, Mr Heng Koon How, head of Markets Strategy at the Global Economics and Markets Research team at UOB, answers some of your key questions on currencies and commodities. In his role, Mr Heng formulates forecasts and market views for foreign exchange, commodities and interest rates. He has more than 25 years of financial markets experience, covering a spectrum of key asset classes.