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2025-09-15 21:22:44
[US Dollar Index Falls to 97.3, Hitting a New Low Since July] ⑴ The US dollar index fell to 97.3 on Monday, its lowest level since late July, as traders awaited the Federal Reserve's policy decision. ⑵ The market has fully priced in a 25 basis point rate cut on Wednesday, with a slight probability of a 50 basis point cut. Recent data suggests a significant cooling in the labor market. ⑶ Investors will focus on the Fed's updated macroeconomic forecasts (particularly the interest rate path), with a general expectation that the easing cycle will continue until the end of the year. ⑷ The FOMC vote split will be closely monitored; a three-way split would be the first since 2019. ⑸ Traders are also focused on whether Stephane Milan will be confirmed to the Federal Reserve Board in time for the meeting. ⑹ In addition to the Fed, the Bank of Canada is also expected to cut interest rates this week, while the Bank of Japan and the Bank of England are likely to maintain policy unchanged. ⑺ The US dollar generally declined against the British pound, euro, and yen.
