The Singapore dollar weakened to a four-month low after the central bank said there’s "sufficient room” for the currency to ease if the economy weakens due to the impact of the coronavirus. The Singapore unit fell 0.55% against the ringgit to 2.9849 - the lowest since Aug 22, 2018.
SINGAPORE: The Singapore dollar weakened to a four-month low after the central bank said there’s "sufficient room” for the currency to ease if the economy weakens due to the impact of the coronavirus.
The currency, which is maintained in a band against a basket of peers, has been fluctuating near the upper end of its boundary since October, and could ease, the Monetary Authority of Singapore said in a statement Wednesday. The MAS maintained its policy outlook and said it will meet in April, as scheduled.
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