Singapore dollar shakes off last week's losses against the greenback
Singapore
THE Singapore dollar has already erased its losses from last week's surprise easing even as central banks worldwide face the limits of monetary policy in weakening a currency.
The Singapore dollar strengthened 1.5 per cent over the past three trading days, after dropping 0.9 per cent against the greenback on April 14, when the Monetary Authority of Singapore (MAS) shifted to a neutral stance.
The euro strengthened even after European Central Bank president Mario Draghi boosted the region's record stimulus last month, while the yen surged to the strongest in 17 months last week despite Bank of Japan governor Haruhiko Kuroda's introducing negative rates in January. New Zealand's dollar h…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China knockoff raid jolts a global throng of fake-fashion influencers
Singapore-based Amazon execs feel the brunt of job cuts
MPACT posts 1.8% higher Q4 DPU of S$0.0229
Stocks to watch: MPACT, CapitaLand Ascott Trust, Hotel Properties, OUE Reit, CLCT
CapitaLand China Trust posts 7.7% drop in Q1 NPI to 313.1 million yuan
Apparel company Express seeks quick bankruptcy sale