Latest Change USD/SGD 1.2675 +0.0011 Overnight Rate 0.06% -7 bps 2-Year Bond Yield 0.22% Unchanged 10-Year Bond Yield 2.46% +1 bp 2-Year Swap Offer 0.69% +1 bp 10-Year Swap Offer 2.83% +5 bps 2-10-Year Swap Curve 214 bps +4 bps SINGAPORE--The Singapore dollar was flat late in Asia on Tuesday, recovering from an earlier fall, as markets wait for U.S. second-quarter growth data and the outcome of the Federal Reserve's monetary policy meeting, both on Wednesday. The U.S. dollar was quoted at S$1.2675 in the last hour of trade in Singapore, compared with S$1.2664 around the same time on Monday. Earlier, the U.S. dollar witnessed some buying interest and rose against most currencies. It gained to S$1.2704, the highest in 10 days. Market participants continued to speculate about when the Fed will start to slow its bond purchases and by how much, and are eager to latch on to any cues from the policy meeting outcome and key U.S. data later this week, including U.S. jobs data Friday. For the rest of the day, the U.S. dollar may face resistance near S$1.2710 and support near S$1.2620. Singapore government bonds too were flat, as traders were unwilling to take positions before the Fed meeting on Wednesday. Yield on the two-year bond was flat at 0.22% while that on the 10-year bond rose by a hundredth of a percentage point to 2.46%.

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