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.