14 Apr '11, 2am

S'pore dollar rose to $1.25 against US$ after the MAS said it would appreciate the dollar against other currencies

S'pore dollar rose to $1.25 against US$ after the MAS said it would appreciate the dollar against other currencies

MAS noted that the Singapore economy grew by 23.5 per cent in the first three months of this year, on quarter-on-quarter basis. -- FILE PHOTO: ST THE Monetary Authority of Singapore will appreciate the Singapore dollar against the other currencies. In its twice yearly monetary policy statement, the MAS said that price pressures remain firm as economic activity remained high. "This policy will ensure price stability in the medium term while keeping growth on a sustainable path" said the MAS in a statement this morning. MAS also noted that the Singapore economy grew by 23.5 per cent in the first three months of this year, on quarter-on-quarter basis. Almost immediately, the Sing dollar rose against the US dollar by 0.5 per cent, briefly hitting 1.249 before bouncing right up to $1.25 Economists previously said that should the MAS appreciate the Sing dollar, the Sing dollar m...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Tweets

The Singapore dollar rose to an all-time high o...

todayonline.com 14 Apr '11, 9pm

SINGAPORE - The Singapore dollar yesterday hit a new record against its US counterpart after the Monetary Authority of Sin...

Dollar firms on Obama deficit plan

channelnewsasia.com 13 Apr '11, 10pm

NEW YORK: The dollar firmed against the euro and the yen in late trade Wednesday after US President Barack Obama unveiled ...

Singapore's Economy In 1Q 2011 Grew 8.5% On-Yea...

business.gov.sg 14 Apr '11, 4am

But between January and March 2011, Singapore’s economy expanded 23.5% compared to the previous quarter. This was a strong...

US dollar falls across the board

channelnewsasia.com 21 Apr '11, 11pm

NEW YORK: The euro jumped above $1.46 on Thursday for the first time in more than a year before falling back slightly, as ...

SM Goh cautions against over-strengthening Sing...

channelnewsasia.com 01 Apr '11, 4pm

SINGAPORE : Senior Minister Goh Chok Tong on Friday said a stronger Singapore dollar will help mitigate imported inflation...