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2025-09-15 22:27:46
[Mitsubishi UFJ Bank: The US dollar has shown resilience to the recent decline in short-term US Treasury yields] Lee Hardman of MUFG Bank said in a report that the US dollar has shown resilience to the recent decline in short-term US Treasury yields, mainly driven by expectations that the Federal Reserve will resume interest rate cuts this week. The Fed is expected to cut interest rates by 25 basis points on Wednesday. However, he said that investors are reluctant to assess the possibility of a rate cut of more than 50 basis points. "For short-term US Treasury yields to continue to decline, thereby providing a new trigger for another decline in the US dollar, the Fed will either have to make a larger rate cut this week or hint at the possibility of a larger rate cut." The US dollar index was stable at 97.518.
