Latest Change USD/SGD 1.2754 -0.0018 Overnight Rate 0.05% Unchanged 2-Year Bond Yield 0.19% -1 bp 10-Year Bond Yield 2.49% -6 bps 2-Year Swap Offer 0.72% +1 bp 10-Year Swap Offer 2.81% -2 bps 2-10-Year Swap Curve 209 bps -3 bps SINGAPORE--The Singapore dollar inched higher against the U.S. dollar late in Asia on Wednesday as the U.S. currency slid against most Asian counterparts. The U.S. dollar was quoted at S$1.2754 in the last hour of trade on Wednesday compared with S$1.2772 around the same time on Tuesday. International currency markets are waiting for an announcement from the Bank of Japan's policy board as well as a speech from U.S. Federal Reserve chief Ben Bernanke after the minutes of a meeting of the U.S. central bank are released at 1800 GMT. The local market will also look at Singapore's second-quarter advance economic growth estimates due on Friday, according to ANZ Bank currency analyst Khoon Goh. The U.S. dollar may retrace a bit more against the Singapore unit if the data is in line with ANZ expectations of 12.1% quarter-on-quarter, seasonally adjusted and annualized growth. However, he recommended buying the U.S. dollar on dips. For the day he tipped a S$1.2700 to S$1.2820 range for the pair. Longer-dated Singapore government bonds rose pushing yields higher. Yield on the benchmark 10-year Singapore government bond fell 6 basis points to 2.49% while that on the 2-year bond was down by a hundredth of a percentage point to 0.19%.

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