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Sing dollar breaches 1.40 against USD as recession concerns grow

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The Singapore dollar plunged to 1.40 against the US unit on Thursday, reflecting growing recession fears as new reported cases of Covid-19 - while slowing down inside China - seem to be picking up pace in the rest of the world.

Singapore

THE Singapore dollar plunged to 1.40 against the US unit on Thursday, reflecting growing recession fears as new reported cases of Covid-19 - while slowing down inside China - seem to be picking up pace in the rest of the world.

The SGD's slide on Thursday was in tandem...

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