Latest Change USD/SGD 1.2574 +0.0066 Overnight Rate 0.03% -3 bps 2-Year Bond Yield 0.15% +1 bp 10-Year Bond Yield 1.71% +2 bps 2-Year Swap Offer 0.66% +1 bp 10-Year Swap Offer 2.27% +1 bp 2-10-Year Swap Curve 161 bps unchanged SINGAPORE (Dow Jones)--The Singapore dollar was weaker late Wednesday, after minutes from the U.S. Federal Reserve's latest policy meeting scaled back expectations of further quantitative easing. Minutes of the March 13 Federal Open Market Committee meeting indicated it was unlikely that the central bank would introduce more measures to stimulate the U.S. economy in the near term, sending the U.S. dollar higher against most Asian currencies. DBS Currency Economist Philip Wee said the debate about U.S. interest rates is now centering on the prospect of policy tightening in either 2014 or 2015. "I think right now we're all looking at central banks' monetary stances and looking for relative value there," Wee says. U.S. March jobs numbers due Friday will also be key in determining the outlook for the next stage of policy. Wee tips initial support for the greenback around the S$1.2535 level, with resistance around S$1.2600. Singapore government bond yields were higher at the longer end, in step with U.S. Treasurys, on reduced expectations of Fed easing. -By Sam Holmes, Dow Jones Newswires; +65-6415-4157; samuel.holmes@dowjones.com

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