Group 1 - The US dollar index continued to rebound, trading around 97.40 after the Federal Reserve's 25 basis point rate cut, indicating a "hawkish cut" characteristic as the yield curve steepened [1] - Following the Fed's rate cut, US Treasury yields rose significantly, with a notable increase in the short-term yields, enhancing the attractiveness of dollar-denominated assets [1] - The dollar index initially dropped to a new low of 96.21 since February 2022 but reversed course after Powell's remarks, leading to a more than 1% increase and consecutive gains over two trading days [1] Group 2 - The dollar index (DXY) saw a substantial rise due to the increase in US Treasury yields, which reignited demand for the dollar [2] - The dollar index is approaching a critical resistance level, and if Treasury yields continue to rise without further weakness in labor data, the outlook for the dollar remains constructive [2] - A sustained breakthrough above 98.238 could signal a stronger upward trend for the dollar, especially with the Fed maintaining a cautious stance and persistent inflation data [2]
美联储降息25个基点 美债收益率不降反升
Jin Tou Wang·2025-09-19 02:57