The Singapore dollar wiped out its early losses against the U.S. dollar and held steady in the Asian session on Thursday.
The Singapore dollar is now trading at 1.2678 against the greenback, off its early 10-1/2-month low of 1.2694. The pair ended Wednesday's deals at 1.2667.
In economic news, Singapore's gross domestic product was up a seasonally adjusted annualized 1.8 percent in the first quarter of 2013 compared to the previous three months, the Ministry of Trade and Industry said in today's revised reading.
That's sharply higher than last month's advanced estimate that showed a 1.4 percent contraction - although it's still down from the 3.3 percent increase in the fourth quarter of 2012.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.