Against the Hong Kong currency, the Singapore dollar traded higher during Friday's early deals. At 11:50 pm ET, the pair climbed to a 2-day high of 5.3809, compared to Thursday's closing value of 5.3667. If the Singapore currency gains further, 5.384 is seen as the next target level.

Singapore will announce its seasonally adjusted unemployment report for the second quarter. Analysts are expecting the rate to climb to 3.7 percent from the current 3.2 percent.

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