SINGAPORE (Dow Jones)--The Singapore dollar was higher in late Asia trade Monday in line with most regional currencies as risk sentiment improved after the Greek parliament voted in favour of austerity reforms in return for a second bailout package.
Analysts, however, said that the market remained cautious and watchful as Greece is rocked by uncertainty and unrest amid protests and riots from its citizens.
"I don't think we are out of the woods yet. People are still watching the (euro-zone) situation," a trader with foreign bank said.
Moving ahead, investors will look for cues from the U.S. and Europe this week, including the U.S. retail sales and manufacturing data.
In the local bond market, prices fell as investors shifted funds to the equities market.
"People are also waiting [on the sidelines] for the five-year bond [offering], which is likely to be tendered next week," said a trader with a local bank.
-By P.R. Venkat, Dow Jones Newswires; +65 64154 152; venkat.pr@dowjones.com
