SINGAPORE--The Singapore dollar strengthened on Tuesday as traders digested China's record fixing for the yuan.
The U.S. dollar slipped as low as S$1.2645 after the People's Bank of China guided the Chinese currency higher for the third session in a row. The U.S. unit was at S$1.2692 late Asia Monday.
Yuan movement typically affects the Singapore dollar which the Singaporean central bank manages using a trade-weighted index of foreign currencies including the yuan.
Immediate support for the U.S. dollar is at S$1.2670 before S$1.2600 with resistance first at S$1.2700 before S$1.2743, according to Dow Jones technical analysis.
Singapore government bonds were little changed in a quiet session.
