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2025-09-17 15:26:27
[The dollar remains weak ahead of the Fed's interest rate decision] The dollar rose slightly, but hovered near a two-and-a-half-month low as investors prepared for the Fed's much-anticipated rate cut. Data from the London Stock Exchange Group showed that the market reflects a 97% chance of a 25 basis point rate cut and a 3% chance of a 50 basis point rate cut in the Fed's upcoming resolution. Thu Lan Nguyen of Commerzbank said in a report that a larger rate cut would put significant pressure on the dollar. She said this was because inflation is rising and a larger rate cut could raise concerns that aggressive monetary easing is due to political pressure. The dollar index rose 0.19% to 96.80
