Odaily planet news Stanchart Bank forex strategist Philip Wee said in a research report that if the Fed cuts interest rates by 25 baz puan at this week’s FOMC meeting instead of the 50 baz puan reflected in the futures market, the dollar index may experience a reflexive Ribaund. However, he added that by the end of 2024 and 2025, the dollar index may further weaken, falling below the 101-107 range since December 2022. (10 gold)
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DBS Bank: Fed's 25BP rate cut this week may trigger reflexive surge in the US dollar
Odaily planet news Stanchart Bank forex strategist Philip Wee said in a research report that if the Fed cuts interest rates by 25 baz puan at this week’s FOMC meeting instead of the 50 baz puan reflected in the futures market, the dollar index may experience a reflexive Ribaund. However, he added that by the end of 2024 and 2025, the dollar index may further weaken, falling below the 101-107 range since December 2022. (10 gold)