0515 GMT [Dow Jones] The Singapore dollar is flat compared with its Monday opening of 1.2403 even after surprisingly weaker second-quarter gross domestic product data. It is currently at 1.2410 compared with the U.S. unit. USD/SGD has been bobbing above the round-figure trading barrier at 1.2400 for most of the day but remains in a bearish technical bias as long as the ceiling of the daily Bollinger downtrend channel is intact by Monday's closing. The channel could direct USD/SGD to the base of the weekly downtrend channel at 1.2369 in the days ahead. The Singapore dollar typically reacts more to external data from developed countries owing to the country's reliance on trade. (ewen.chew@wsj.com)