Latest Change USD/SGD 1.2559 -0.0013 Overnight Rate 0.03% Unchanged 2-Year Bond Yield 0.45% Unchanged 10-Year Bond Yield 2.43% +1 bp 2-Year Swap Offer 0.64% +1 bp 10-Year Swap Offer 2.70% +2 bp 2-10-Year Swap Curve 206 bps +1 bp SINGAPORE--The Singapore dollar made minor gains Monday as investors wait for central-bank decisions and economic data due this week. The U.S. dollar drifted between S$1.2548 and S$1.2569 after being quoted at S$1.2572 late in Asia Friday. "A heavy data and decision week ahead as all eyes will be on U.S. [Federal Open Market Committee's meeting]," U.S. first-quarter gross domestic product advance estimates and, "most importantly, April U.S. labor market report," UOB said. "The current movement [in the U.S. dollar-Singapore dollar pair] is likely part of a consolidation phase before further [U.S. dollar] strength can be expected at a later stage," UOB added. It tipped support for the U.S. dollar at S$1.2545 and resistance at S$1.2585. "Pending further clarity from the Fed broad dollar strength remains a medium term proposition," OCBC said. "In the interim take cues from the risk appetite environment, global recovery prospects as well as the other major global central banks." Singapore government bonds were little changed across the yield curve.

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