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)
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