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An overview of 3Q 2025
Global Macro
At the half year mark, the USD has weakened at a pace not seen in over three decades. Trump administration’s erratic trade policy, rising US fiscal risks, the de-dollarization narrative as well as the expected upcoming Fed cuts in 2H25 are key drivers weighing down on the USD.
Past reports
Further reading
Quarterly Global Outlook 3Q 2025
The dilemma between rising Treasuries Yield and a weaker US Dollar
ASEAN Connect
Learn and capitalize on the megatrend of ASEAN's growth story with our insights and analysis.
Infographics
Turning complex economic developments and data into content that is visually engaging and simple to understand.
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