The Singapore dollar strengthened slightly in Asian trading as the market awaited US CPI data with bated breath.

during the Asian trading session, the Singapore dollar strengthened slightly against the US dollar, possibly due to position adjustments. Analysts at Maybank stated in their foreign exchange research and strategy report: "The market is cautious about the US CPI data to be released later today." However, analysts pointed out that unless there are clear signs that tariffs have significantly increased price pressures, this inflation report is unlikely to significantly change the market's expectations for a rate cut by the Fed in September or further easing. They added that the tone of Fed officials has become more dovish, and President Trump continues to pressure for a rate cut.