Core Viewpoint - The US dollar index is experiencing a moderate increase due to reduced bets on further interest rate cuts by the Federal Reserve, supported by hawkish comments from Fed officials [1][2]. Group 1: Federal Reserve Actions - The Federal Reserve decided to lower interest rates by 25 basis points, aligning with expectations, but Chairman Jerome Powell indicated this might be the last cut of the year without stronger economic conditions [1]. - Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack expressed intentions to keep rates unchanged rather than further lowering the federal funds target rate range to 3.75-4.0% [1]. - Kansas City Fed President Jeff Schmied noted his preference against rate cuts due to concerns over high inflation rather than the labor market [1]. Group 2: Market Reactions - The dollar index rose to approximately 99.75 during Asian trading, reflecting a strong performance against a basket of six major currencies [1]. - Traders have reduced expectations for a December rate cut, with current pricing indicating about a 68% probability, down from 93% a week prior [1]. - The dollar index continued its upward trend, increasing by about 0.10% and reaching a near five-month high of 99.84 in the previous trading session [2].
美联储降息押注减少 美元指数获坚实支撑
Jin Tou Wang·2025-11-03 12:31