Latest Change
USD/SGD 1.3794 -0.0004
Overnight rate 0.31% +0.185
Two-year bond yield: 0.59% unchanged
10-year bond yield: 2.54% +2 bps
Two-year swap offer: 1.41% +2 bps
10-year swap offer: 2.93% +4 bps
2-10-yr swap curve: 148 bps -2 bps
SINGAPORE (Dow Jones)--The Singapore dollar was marginally stronger but tightly rangebound in the late Asian session Thursday as market participants awaited the outcome of the European Central Bank's interest rate decision, and U.S. jobs data later this week.
The U.S. currency held a tight range against the Singapore dollar, trading between S$1.3793 and S$1.3819.
The U.S. Department of Labor will Friday release its non-farm payrolls data for November with economists expecting to see 125,000 jobs lost in the month and the unemployment rate stable at 10.2%. The ECB holds its policy meeting Thursday.
"Most of the other markets are in a range as well because everyone is waiting for the meeting tonight and tomorrow is the jobs data," a trader from a local house said.
The trader said the Singapore dollar is likely to hold the current range until the release of the data Friday.
Longer-dated Singapore government bond yields were higher in line with U.S. Treasury yields, as investors adjusted positions ahead of the data.
-By Sam Holmes, Dow Jones Newswires; +65-6415-4157; samuel.holmes@dowjones.com
Source: wsj.com/
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