Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The US dollar continues to rise, the Federal Reserve is expected to cautiously cut interest rates

The US dollar continues to rise, the Federal Reserve is expected to cautiously cut interest rates

Bitget2024/10/14 13:59

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)

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!