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📰 DOLLAR KEEPS RISING AS FED IS EXPECTED TO CUT CAUTIOUSLY The dollar extends last week’s gains as markets expect the Fed to keep a gradual pace of interest rate cuts, broadly supporting the greenback. The ICE’s DXY gauge is up 0.3%, erasing around two months of losses. The broader WSJ Dollar Index rises 0.4%, also back to August levels. The dollar strengthens 0.5% versus the yen and 0.3% against the euro. Indicators due this week are unlikely to change the prospect that the Fed will cut by 25 basis points next month.

October 14, 2024
Frank

DOLLAR KEEPS RISING AS FED IS EXPECTED TO CUT CAUTIOUSLY

The dollar extends last week’s gains as markets expect the Fed to keep a gradual pace of interest rate cuts, broadly supporting the greenback. The ICE’s DXY gauge is up 0.3%, erasing around two months of losses. The broader WSJ Dollar Index rises 0.4%, also back to August levels. The dollar strengthens 0.5% versus the yen and 0.3% against the euro. Indicators due this week are unlikely to change the prospect that the Fed will cut by 25 basis points next month.