Latest Change USD/SGD 1.2337 +0.0005 Overnight Rate 0.13% +7 bps 2-Year Bond Yield 0.19% -1 bp 10-Year Bond Yield 1.38% Unchanged 2-Year Swap Offer 0.47% Unchanged 10-Year Swap Offer 1.70% +1 bp 2-10-Year Swap Curve 123 bps +1 bp SINGAPORE--The Singapore dollar was slightly lower against the U.S. dollar Friday on caution ahead of a key U.S. jobs data release later in the day and as the greenback rose in global markets. The U.S. dollar was at S$1.2337, compared with S$1.2332 late in Asia Thursday. Investors are awaiting U.S. non-farm payroll figures Friday, the latest signpost of the relative health of a U.S. economy that has shown weakness recently, including disappointing ADP private payrolls data this week. "The weaker-than-expected ADP print on Wednesday is keeping the market pretty cautious," UOB economist Ho Woei Chen said. The outcome of Sunday's elections in Malaysia could also influence the Singapore dollar's path, she said. A loss or narrowing of the majority of the ruling Barisan Nasional party would likely cause the Malaysian ringgit to fall, and some weakness could also feed through to the Singapore dollar. Maybank estimates that the Singapore dollar is trading at 1.30% above the mid-point of its trade-weighted band, the bank said in a research note. In U.S. dollar terms, it pegs that mid-point at S$1.2500. Singapore government bonds were little changed. Write to Martin Vaughan at martin.vaughan@dowjones.com

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