Latest Change USD/SGD 1.2417 -0.0011 Overnight Rate 0.06% Unchanged 2-Year Bond Yield 0.33% Unchanged 10-Year Bond Yield 2.24% -3 bps 2-Year Swap Offer 0.53% Unchanged 10-Year Swap Offer 2.56% -1 bp 2-10-Year Swap Curve 203 bps -1 bp SINGAPORE--The Singapore dollar was a tad higher against the U.S. dollar late on Thursday but markets were cautious ahead of key data and central bank meetings as investors looked for cues on the health of the global economy. The U.S. dollar edged lower to S$1.2417 in the last hour of Asian trade, compared with S$1.2428 around the same time on Wednesday. The U.S. currency was confined to a narrow range of between S$1.2433 and S$1.2410 during the day. Policy meetings for the European Central Bank and Bank of England are on tap later in the global day. On Friday, the U.S. will release its monthly labor report--a much-watched indicator of whether the Federal Reserve will start to reduce its bond-buying program anytime soon. Over the weekend, China will start a major political meeting--the so-called Third Plenum--where the country's new leadership is expected to unveil an economic policy blueprint for the next decade. Longer-dated Singapore government bonds rose on Thursday, sending yield on the benchmark 10-year bond lower by 3 basis points to 2.24%. Yield on the two-year bond was unchanged at 0.33%.

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