SINGAPORE--The Singapore dollar was flat against the U.S. dollar late on Thursday amid a general lack of market-moving news and as traders likely waited for fresh trading cues.
The U.S. dollar was quoted at S$1.2385 near the close of the Asian session, compared with S$1.2394 around the same time Wednesday.
As the weekend approaches, Dow Jones technical analysis indicates the U.S. currency could weaken further against its Singapore counterpart. The U.S. dollar could fall to its May low of S$1.2261 in weeks to come.
Singapore government bonds too were flat Thursday. Yield on the benchmark two-year bond was unchanged at 0.35%, while that on the 10-year bond rose by a hundredth of a percentage point to 2.12%.
