Monday, May 21, 2012
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FOREX-U.S. dollar eases after Singapore revalues, Intel

* Singapore revalues currency, lifts Asian units vs dlr

* Risk appetite also boosted by upbeat Intel earnings

* Dollar index down 0.2 pct at 80.38 .DXY

* Fed's Bernanke to testify on economic outlook at 1400 GMT

The U.S. dollar eased broadly on Wednesday after Singapore revalued its currency and as upbeat earnings from technology bellwether Intel Corp boosted appetite for riskier currencies.

Commodity currencies such as the Australian and Canadian dollars gained against the U.S. unit, while the low-yielding yen also softened.

Singapore's central bank re-centered its trade-weighted band to the prevailing exchange rate level, which was in the upper half of the previous band. >>

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