Sing Dollar

Singapore dollar hits record high against US dollar

The Singapore dollar hit a record high against the greenback on Wednesday after inflation in the city-state rose and amid fears of a US recession. The Singapore unit hit a peak of 1.3463 to one US dollar before falling back to 1.3480 in afternoon trade. The euro breached 1.60 US dollars for the first time Tuesday on renewed jitters about the US economy, but eased back in Asian trade on Wednesday, dealers...

Singapore’s March inflation rate at 26-year high of 6.7%

Singapore's annual inflation was 6.7 percent last month, the highest in 26 years, the Department of Statistics said on Wednesday. It said the consumer price index was boosted by higher costs of food, transport, communications and housing. The March consumer price index figure was down 0.1 percent from February's figure, the department added. On a seasonally adjusted basis, the index was 0.3 percent...

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