Market risk appetite warms up, and the Singapore dollar to US dollar exchange rate remains stable

According to Jin Shi reports, the Singapore dollar maintained a consolidation against the US dollar during the Asian trading session, supported by the sentiment of risk-seeking investors. Overnight, the US stock market closed higher as investors regained their appetite for risk. The Global Markets Research Department of OCBC Bank stated in a report that the market seems to generally believe that the Federal Reserve will cut interest rates at next week's Federal Open Market Committee meeting. The exchange rate of the US dollar against the Singapore dollar remained relatively stable at 1.2955.