SINGAPORE--The Singapore dollar slipped against the U.S. dollar late Friday as market players continued to favor the U.S. currency amid signs of optimism that the world's biggest economy is getting on a firmer footing.
The Singapore dollar was quoted at S$1.2767 in the last hour of trade, compared with S$1.2738 around the same time Thursday.
Later in the global day, the pair will likely react to crucial U.S. nonfarm payrolls data due at 1230 GMT, with consensus expectations for 160,000 new jobs. Stronger-than-expected job additions could further boost the U.S. dollar, according to analysts.
Singapore government bonds were mixed amid low volumes after the U.S. Independence Day holiday on Thursday. While the yield on the benchmark 2-year government bond gained 2 basis points to 0.22%, that on the 10-year bond fell 15 basis points to 2.47% after a sharp spurt on Thursday evening.
