SINGAPORE--The Singapore dollar rose slightly against the U.S. dollar late Wednesday, amid an improvement in the global economic outlook.
The U.S. dollar was quoted at S$1.2687 compared with S$1.2698 late Tuesday. However, during the day, it fell as low as S$1.2661, the lowest since Aug. 13.
The U.S. dollar has eased against most Asian currencies this week as stronger economic data from China allayed fears of a sharp slowdown in the world's second-biggest economy.
Markets have also taken in their stride the debate on whether the U.S. will launch military action against Syria.
Singapore government bonds rose Wednesday, with some investors likely attracted amid a more stable local currency. Yield on the benchmark 10-year government bond fell 4 basis points to 2.65% while that on the two-year bond declined three basis points to 0.23%.
