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DBS Bank: Fed's 25BP rate cut this week may trigger a reflexive rise in the US dollar
Philip Wee, forex strategist at DBS Bank, said in a research report that if the Federal Reserve cuts interest rates by 25 basis points at this week’s Federal Open Market Committee meeting, instead of the 50 basis points reflected in the futures market, the US dollar index may experience a reflexive rebound. However, he added that by the end of 2024 and 2025, the US dollar index may further weaken, falling below the 101-107 range since December 2022. (Jinshi)