The US dollar rises to a three-month high as rate cut expectations decline
ChainCatcher news, according to Golden Ten Data, the US Dollar Index (DXY) has risen to a three-month high as market expectations for further immediate rate cuts by the US have diminished. The Federal Reserve cut rates as expected last week, but Fed Chair Jerome Powell stated that another rate cut in December is not a foregone conclusion. Analysts pointed out that the ongoing government shutdown has led to a lack of official data, and the absence of new negative news has kept market volatility low, while demand for the dollar remains strong.
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