Latest Change USD/SGD 1.2555 +0.0035 Overnight Rate 0.05% -1 bp 2-Year Bond Yield 0.19% Unchanged 10-Year Bond Yield 1.48% -1 bp 2-Year Swap Offer 0.63% +2 bps 10-Year Swap Offer 2.00% -3 bps 2-10-Year Swap Curve 137 bps -5 bps SINGAPORE (Dow Jones)--The Singapore dollar was lower late in Asia Monday as the euro zone's economic and political crisis continued to dominate global markets, leaving traders cautious. The U.S. dollar, considered a safer bet amid the global economic uncertainty, was quoted as high as S$1.2563, the highest since April 12. Toward the end of the Asian session, the greenback was quoted at S$1.2555, compared with S$1.2520 around the same time on Friday. "The Singapore dollar is basically tracking the euro and there isn't anything much moving the currency on its own. With the euro coming off, dollar-Sing will gain a little more," said a trader at a regional bank. He tipped S$1.2585 resistance and S$1.2500 support for the U.S. currency. A meeting between the French President-elect Francois Hollande and German Chancellor Angela Merkel on Tuesday, speculation on Greece's potential exit from the euro zone and U.S. economic data are likely to be the key issues for the markets this week. "It's still pretty much a European story at the moment, and the U.S. dollar is higher not just in Singapore but across the region," said DBS Bank currency analyst Philip Wee. He added that as long as the euro keeps drifting lower, the U.S. dollar will keep rising against the Singapore currency. Singapore government bonds were little changed on Monday as traders await for greater clarity from the euro zone with few local issues to guide the market. -By Gaurav Raghuvanshi; Dow Jones Newswires; +65 64154 154; gaurav.raghuvanshi@dowjones.com

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