SINGAPORE--The Singapore dollar edged lower against the U.S. dollar late on Monday as the U.S. currency attracted some buyers after a steep fall earlier against a bunch of currencies including the Japanese yen.
The U.S. dollar was quoted at S$1.2664 in the last hour of trade after touching a high of S$1.2673. That compared with S$1.2630 it quoted late on Friday.
The focus for the markets this week is likely to be a U.S. Federal Reserve meeting and second quarter gross domestic product data, both of which are due on Wednesday.
For the day, the U.S. dollar faces resistance near S$1.2675 while support lies near S$1.2625, according to Dow Jones technical analysis.
Longer-dated Singapore government bonds rose a little, tracking Friday's gains by U.S. Treasurys.
Yield on the benchmark 10-year Singapore government bond declined 4 basis points to 2.45% though that on the two-year bond was unchanged at 0.22%, the flatter yield curve indicating the market's expectation of economic uncertainty in the coming months.
