06:01
The expectation of a 25 basis point rate cut by the Fed may assist in the rebound of the US dollar.
Golden Finance reports that the US Dollar Index is currently hovering around a 41-month low, while the S&P 500 Index and the Nasdaq Index have both reached record highs, and US Treasury yields are nearing April's lows. The market fully reflects expectations of a 25 basis point rate cut by the Fed; if this rate cut is realized, the dollar may rebound, and the US stock market could face profit-taking. Maintaining the dollar's downward trend and the rise of US assets may require a 50 basis point cut, although the market estimates the probability of a 50 basis point cut to be only 3%. (Jin10)