SINGAPORE--The Singapore dollar edged a bit lower late against the U.S. dollar in Asia on Friday but stayed confined in a narrow range as global markets waited for a crucial U.S. jobs report that will shed light on the strength of the recovery in the U.S. economy.
The U.S. dollar was quoted at S$1.2764 in the last hour of Asian trade, compared with S$1.2732 around the same time on Thursday.
During the day, it moved between S$S$1.2746 and S$1.2769, the tight range reflecting the market's unwillingness to place bets ahead of the U.S. nonfarm payrolls data due later in the global day.
Longer-dated Singapore government bonds fell, pushing yield on the benchmark 10-year bond higher by 6 basis points to 2.52%. Yield on the two-year government bond, however, was unchanged at 0.22%.
