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2025-09-18 09:26:19
[The US dollar stabilized after rebounding from a three-and-a-half-year low, and the market is paying attention to the impact of the Fed's policies] 1. The US dollar was stable in early trading on Thursday and is currently trading around 97.04, up about 0.03%. On Wednesday, the US dollar index fell to 96.224, the lowest level since February 2022, due to the Federal Reserve's 25 basis point interest rate cut. It then rebounded to 97.074, up 0.44%. 2. Federal Reserve Chairman Powell said the interest rate cut was a risk management measure to address the weak labor market and stressed that there was no need to rush to ease. The dot plot predicts another 50 basis point interest rate cut in the remaining two meetings this year, and only one interest rate cut in 2026. 3. Westpac economist Elliot Clarke pointed out that the forecast shows that inflation risks and uncertainty in the outlook remain.
