Market risk appetite increased, and the Singapore dollar remained range-bound against the US dollar.

According to Mars Finance, citing Jinshi, the Singapore dollar remained range-bound against the US dollar during Asian trading hours, supported by risk-averse investor sentiment. Overnight, US stocks closed higher as investors regained their risk appetite. A report from OCBC Global Markets Research stated that the market seems to widely believe the Federal Reserve will cut interest rates at next week's Federal Open Market Committee meeting. The US dollar was little changed against the Singapore dollar, trading at 1.2955.