WSJ:Singapore Dollar Up Late, US Jobs Data Support
Latest Change
USD/SGD 1.2909 -0.0034
Overnight Rate 0.06% unchanged
2-Year Bond Yield 0.35% +1 bp
10-Year Bond Yield 1.65% -1 bp
2-Year Swap Offer 0.69% +1 bp
10-Year Swap Offer 2.32% +1 bp
2-10-Year Swap Curve 163 bps unchanged
SINGAPORE (Dow Jones)--The Singapore dollar was slightly stronger late Friday supported by better-than-expected U.S. economic numbers that bolstered sentiment in global financial markets.
However, trading conditions ahead of the Christmas holiday remained very light and investors were unwilling to make major bets heading into the end of the year, with uncertainties over euro-zone sovereign debt problems persisting.
"After the holiday, the euro zone will come back into focus and will be even more crucial for market sentiment now that we are seeing the U.S. economy might not be such a problem," a trader at a local bank said.
He expects the U.S. dollar to hold within the S$1.2900 to S$1.2970 range for the rest of the global session.
Singapore government bond yields were little changed in light holiday trade.
-By Sam Holmes, Dow Jones Newswires; +65-6415-4157 ; samuel.holmes@dowjones.com