SINGAPORE (Dow Jones)--The Singapore dollar was down a tad late Tuesday, amid light trading and slight dollar strength seen across the region.
Analysts expect trading activity to remain quiet for the rest of the year.
"We've got very thin, holiday trade and we're seeing some slight dollar strength today with not a lot else happening. There's no major moves and we're just tracking what's being played out in other crosses," said Jason Hughes, head of Premium Client Management at IG Markets Singapore.
A Dow Jones technical analyst has placed psychological resistance for the dollar at S$1.3000 should it trade above the S$1.2940 level. Support is placed at S$1.2880.
The post-Christmas snooze also extended to the government bond market where yields were unchanged. "It's going to be very quiet as we go into the year end," said a dealer at a local bank. The 2-year government bond yield has been unchanged since Dec. 19 while the 10-year yield hasn't budged since Dec. 21.
-By Matthew Allen, Dow Jones Newswires; +65 64154 158; matthew.allen@dowjones.com
