The US dollar continues to rise, the Federal Reserve is expected to cautiously cut interest rates
The US dollar continued its upward trend from last week, as the market expects the Federal Reserve to maintain a gradual pace of rate cuts, which generally supports the dollar. The Intercontinental Exchange's DXY Dollar Index rose 0.3%, erasing about two months of declines. The Wall Street Journal Dollar Index rose 0.4%, returning to August levels. The dollar rose 0.5% against the yen and 0.3% against the euro. Indicators released this week are unlikely to change the prospect of a 25 basis point cut by the Fed next month.(Jinshi Data APP)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: Employment data fails to clarify interest rate outlook, market lacks upward momentum
Maji adds to Ethereum long positions again with 25x leverage, liquidation price at $2,818.3
Argentine congressional committee accuses President Milei of involvement in $LIBRA cryptocurrency scam