S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketDBS Group Research highlights that its FX risk score has fallen to the lowest level since late 2021, driven mainly by a weaker US Dollar in early 2026 after a 9.4% depreciation in 2025. Economists Chua Han Teng and Daisy Sharma note that concerns over US Fed independence, US exceptionalism and fiscal sustainability continue to weigh on the Dollar.
FX risk score falls on softer Dollar
“This week’s featured insight is our Asset Risks Dashboard, which track conditions and gauge risk sentiments across four key asset classes (Equities, Interest Rates, Credit, and FX). Today we focus on FX.”
“The FX risk score has trended lower in early 2026 to its lowest level since late 2021.”
“The increasingly benign level primarily reflects a weaker US dollar at the start of this year, having already depreciated by 9.4% in 2025.”
“This continues to be due to worries surrounding the US Fed’s independence (despite the announcement of Kevin Warsh as the new Fed Chair), investor concerns regarding US exceptionalism, long-term fiscal sustainability, and ongoing policy uncertainties.”
“US funding conditions remain comfortable in the Euro and Japanese markets, although with slight tightening bias.”
