Core Viewpoint - The Federal Reserve announced a 25 basis point interest rate cut, lowering the upper limit of the federal funds rate from 4.25% to 4.00%, with 10 out of 12 voting members supporting the cut [1] Economic Data Summary - The U.S. core CPI year-on-year for September was 3%, down from 3.1%, but still above the Fed's target of 2% [5] - The U.S. job market has been performing poorly, with non-farm payrolls fluctuating between -1.3 million and 7.9 million since May, indicating a relative low since 2021 [5] Market Reaction Summary - Following the Fed's decision, the dollar index rose from 98.76 to 98.8, and during Powell's speech, it surged to a high of 99.29, indicating a "sell the fact" reaction to the rate cut [3] - Powell's emphasis on the uncertainty of further rate cuts in December negatively impacted market expectations for additional cuts, providing a boost to the dollar index [3] Technical Analysis Summary - The dollar index shows signs of a potential trend reversal, with a robust double bottom structure and a strong bullish closing after the rate cut, suggesting a possible new upward trend if resistance levels are breached [7]
【ATFX汇评】“卖事实”行情上演?美联储降息引爆反向行情,美元不跌反涨
Sou Hu Cai Jing·2025-10-30 09:29