WSJ:Singapore Dollar Lower Late as Jobs Data Hopes Keep US Currency Buoyant
Latest Change
USD/SGD 1.2417 +0.0031
Overnight Rate 0.06% -7 bps
2-Year Bond Yield 0.36% Unchanged
10-Year Bond Yield 2.22% +1 bp
2-Year Swap Offer 0.54% +1 bp
10-Year Swap Offer 2.52% Unchanged
2-10-Year Swap Curve 198 bps -1 bp
SINGAPORE--The Singapore dollar fell against the U.S. dollar late in Asia as the U.S. currency was buoyant against most of its rivals ahead of a crucial jobs report in the U.S. this week.
The U.S. dollar was quoted at S$1.2417 in the last hour of Asian trade compared with S$1.2386 around the same time on Friday, when it also hit a five-month low of S$1.2368.
Investors sold off the U.S. currency late last week as concerns grew over an economic slowdown following the government shutdown amid a standoff in the U.S. Congress over the budget ceiling.
But some investors were attracted to the U.S. dollar on Monday, awaiting the closely watched U.S. non-farm payrolls data for September to be released Tuesday--delayed because of the government shutdown.
Singapore government bonds were little changed, perhaps as traders preferred to wait on the sidelines ahead of the U.S. jobs report. Yield on the benchmark 2-year bond was unchanged at 0.36% while that on the 10-year bond rose by a hundredth of a percentage point to 2.22%.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@dowjones.com