Singapore - The Singapore dollar stayed on the rebound against the US dollar on Thursday in line with other currencies, reaching S$1.43 as dollar profit-taking gathers momentum. At S$1.43, the Singdollar is up 1.4 per cent from S$1.45 on Tuesday, noted Philip Wee, DBS Bank senior currency strategist. The dollar has been struggling since the waning days of 2016, and the profit-taking and correction is pretty much across the board, he said. The dollar's index against a basket of six major currencies slipped to 102.20 after hitting a 14-year high of 103.82 on Tuesday, when a strong reading from a US manufacturing survey gave it a boost.

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