Core Viewpoint - The US dollar is under pressure, trading below the 99 mark, primarily due to lower-than-expected CPI data, which has increased market expectations for a rate cut by the Federal Reserve [1] Economic Data Summary - The September CPI year-on-year recorded at 3.0%, below the market expectation of 3.1% - Core CPI year-on-year also slowed to 3.0% - Month-on-month CPI increased by only 0.3%, while core CPI rose by 0.2%, both lower than market forecasts [1] Market Sentiment Summary - The market is betting on a 25 basis point rate cut by the Federal Reserve in the upcoming meeting, reducing the benchmark rate from 4.0%-4.25% [1] - Trade tensions have eased temporarily, providing some support for the dollar as risk aversion decreases [1] Technical Analysis Summary - The dollar index is currently below major moving averages, indicating short-term weakness - MACD remains below the zero line, suggesting dominant bearish momentum - Key resistance levels are at 99.50 and 100.00, while support levels are at 98.50 and 98.00, with a potential test of 97.60 if these levels are breached [2]
美联储降息预期强化 美元承压震荡偏空
Jin Tou Wang·2025-10-27 04:38