Latest Change USD/SGD 1.2513 +0.0016 Overnight Rate 0.01% -3 bps 2-Year Bond Yield 0.35% Unchanged 10-Year Bond Yield 2.34% Unchanged 2-Year Swap Offer 0.49% -1 bp 10-Year Swap Offer 2.67% Unchanged 2-10-Year Swap Curve 218 bps +1 bp SINGAPORE--The Singapore dollar was trading lower against the U.S. dollar in Asia late Friday, in line with weakness in most Asian currencies, as investors focused on when the Federal Reserve would start tapering its bond-buying program. With not much data to drive the local currency, market participants will look for cues from the U.S., especially from members of the Federal Reserve. "The upward momentum [for the U.S. dollar] is picking up strongly...Despite overbought conditions, the current rally appears incomplete, and another leg higher toward 1.2525/30 is likely before a pullback can be expected," United Overseas Bank said in a note to clients. For next week, the Singapore market will look for cues from a set of economic data, such as inflation and manufacturing data for October. In the local bond markets, prices were unchanged, as participants were on the sidelines seeking more cues on the outlook for interest rates.

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