Singdollar recovers from recent dip, but outlook still weak

Even as the Singapore dollar stabilised it is still way off this year's peak of 1.3176 reached on Jan 5, 2021.
Even as the Singapore dollar stabilised it is still way off this year's peak of 1.3176 reached on Jan 5, 2021.PHOTO: STEPHANIE YEOW

SINGAPORE - The Singapore dollar has bounced back to the level it held about two weeks ago after recovering from a slew of negative factors that emerged in the past month.

Analysts believe the currency will stay around this point relative to its peers, although it may slip a little through the year in the light of uncertainty over the pandemic.

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