Singapore Dollar Remains Unchanged Against U.S. Dollar

 
                       Latest   Change 
   


USD/SGD               1.3763   -0.0001 
   Overnight Rate        0.25%    +5 bps 
   2-Year Bond Yield     0.95%    -2 bps 
   10-Year Bond Yield    2.55%    -5 bps 
   2-Year Swap Offer     1.52%    -2 bps 
   10-Year Swap Offer    2.71%    -5 bps 
   2-10-Year Swap Curve  119 bps  -3 bps 
 

        SINGAPORE--The Singapore dollar was almost unchanged against the U.S. dollar Tuesday, as traders awaited cues later in the week from data releases in the U.S.
        The U.S. dollar was quoted at S$1.3763 near the close of the Asian trading session, compared with S$1.3764 around the same time Monday.
        Analysts noted that economic data from the U.S. and its impact on expectations for an interest-rate rise from the U.S. Federal Reserve later this year will likely be the main driver of the USD/SGD pair in the medium term.
        DBS said the Fed's renewed intentions to raise rates later this year have put the Singapore dollar Nominal Effective Exchange Rate back toward the weaker half of the Monetary Authority of Singapore's policy band.
        "If the SGD NEER moves lower to the mid-point of the lower half of the band, this could see USD/SGD moving higher toward 1.3830," DBS says.
        Singapore government bond yields fell again. The yield on the benchmark 10-year bond was down 0.05 percentage point to 2.55%, while that on the two-year bond fell 0.02 percentage point to 0.95%.
        Write to Jake Maxwell Watts at jake.watts@wsj.com
        (END) Dow Jones Newswires

        August 04, 2015 05:46 ET (09:46 GMT)

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