In the currency paring of dollar versus yen, as well as the pairing of dollar versus euro, there was little action in afternoon trading in Singapore. The market was awaiting US Federal Open Market Committee's late afternoon trading decision on interest rates. The dollar was at 116.46 yen in late afternoon trading, down a fraction from four hours earlier in Tokyo trading. The euro was at 1.2545 USD, slightly up from the same Tokyo time frame. A fully priced in 25 basis points in the federal funds rate to 5.25 percent was taken into consideration by traders.

Despite the spotlight being on the FOMC's pending announcement, there were still other market factors being taken into consideration, such as the US GDP data.