Latest Change USD/SGD 1.2873 +0.0070 Overnight Rate 0.06% Unchanged 2-Year Bond Yield 0.32% +3 bps 10-Year Bond Yield 1.78% +2 bps 2-Year Swap Offer 0.68% +1 bp 10-Year Swap Offer 2.30% Unchanged 2-10-Year Swap Curve 162 bps -1 bp SINGAPORE (Dow Jones)--The Singapore dollar was lower late Thursday in Asia as markets prepared for an expected interest rate cut by the European Central Bank to boost troubled euro-zone economies. The Singapore dollar, along with other Asian currencies, is likely to remain choppy for the rest of the week as market participants await clarity on steps euro-zone leaders will adopt to tide over the bloc's sovereign debt crisis, traders said. The U.S. dollar was quoted at S$1.2873 late in Asia, compared with S$1.2849 in the morning and S$1.2803 late Wednesday. The pair quoted as high as S$1.2887 earlier in the day. Most Asian currencies were a little weaker Thursday with eyes on the ECB meeting, and with market participants pricing in at least a 25-basis-point cut in benchmark rates. Analysts expect the Singapore dollar to remain volatile and the U.S. dollar to fluctuate between S$1.2800 and S$1.2900 ahead of the ECB rate decision and the outcome of a European Union summit in Brussels. Singapore government bonds lost a little ground Thursday, sending yields slightly higher, as investors expect concrete debt-resolution steps from the E.U. summit. -By Gaurav Raghuvanshi, Dow Jones Newswires; +65 64154 154; gaurav.raghuvanshi@dowjones.com

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