Market risk appetite rises, Eastern Eight Zone yuan to US dollar exchange rate remains range-bound

Jinse Finance reported that the Singapore dollar remained range-bound against the US dollar during the Asian trading session, supported by risk-on investor sentiment. US stocks closed higher overnight as investors regained their appetite for risk. OCBC Global Markets Research stated in a report that the market appears to widely believe that the Federal Reserve will cut interest rates at next week's Federal Open Market Committee meeting. The USD/SGD exchange rate was little changed, quoted at 1.2955.