Singdollar holds steady against US dollar, rises against peers after MAS surprise move
It is also higher against the Malaysian ringgit - at about 3.17 - but still shy of the 3.1986 high on May 26.
Despite Thursday's gains, the Singdollar is still down about 4 per cent against the greenback this year.
Economists said the MAS' latest move is an attempt to dampen imported inflation: A stronger Singdollar would potentially make imports cheaper and help to alleviate inflationary pressures that show no signs of abating.
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