Group 1 - The Federal Reserve has lowered the federal funds rate target range by 25 basis points to 4.00%-4.25%, marking the first rate cut since December 2024, indicating a shift in the high-interest rate environment for the dollar [1][5] - The dollar index has dropped nearly 10% year-to-date, with the USD/CNY exchange rate falling from 7.35 to 7.12, a depreciation of over 3% [2][5] - The average annualized yield of dollar-denominated wealth management products has decreased from 4.52% in January to 3.79% in September, reflecting a significant downward trend [2][6] Group 2 - Investors are increasingly sharing experiences of losses in dollar wealth management products, highlighting the risks associated with currency fluctuations and interest rate changes [2][4] - Major foreign banks have quickly adjusted their dollar deposit rates following the Fed's rate cut, with HSBC and DBS Bank reducing rates for various terms [5][6] - Despite the decline in yields, some smaller banks still offer competitive rates, but the overall sentiment is that exchange rate fluctuations can negate interest earnings [6][7] Group 3 - Analysts suggest that the Fed's rate cut signals a turning point for dollar asset yields, with expectations of further rate reductions in upcoming meetings [8] - The market remains divided on future Fed policy, with some analysts predicting additional rate cuts based on economic indicators such as unemployment rates [8] - The potential for continued dollar depreciation against the yuan is anticipated to remain within the 7.0-7.5 range for the year, influencing investment strategies [8]