IndustryThe US dollar index fell nearly 3%

The US dollar index fell nearly 3% in November, the worst monthly performance since November last year. Not long ago, the Federal Reserve announced that it would maintain the target range of the federal funds rate at 5.25% to 5.5%. This is the third time in a row that the Federal Reserve has maintained this interest rate range since September this year. It is worth noting that Federal Reserve Chairman Powell released a "dovish" stance at the press conference, saying that interest rate cuts have begun to come into view. Looking ahead, interest rate cuts have inevitably become a theme. Some traders expect the Federal Reserve to start cutting interest rates as early as March next year. The Federal Reserve's expectation of a rate cut next year has caused the US dollar index and US long-term Treasury yields to fall sharply. The US dollar index has continued to fall by nearly 2 percentage points since this month. #CommunityAMA

FX1862809822

2025-06-27 01:33

IndustryZentner also believes that by the time the Februar

Zentner also believes that by the time the February report is released, the number of new jobs must fall below 50,000, consistent with continued low inflation data, before the Fed will cut interest rates in March. "Even so, the slowdown in employment must be a trend, not just one or two data points." According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in the 5.25%-5.50% range in February is 87.1%, and the probability of a 25 basis point rate cut is 12.9%. The probability of keeping interest rates unchanged by March 2024 is 20.9%, the probability of a cumulative 25 basis point rate cut is 69.3%, and the probability of a cumulative 50 basis point rate cut is 9.8%.#VeteranIBSuccessStory#VeteranIBSuccessStory

FX3643158100

2025-06-27 01:33

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