DBS Bank: Fed's 25BP Rate Cut This Week Could Trigger Reflexive Dollar Strength
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September 16, 2024
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In a research report, Philip Wee, a foreign exchange strategist at DBS Bank, said that the US Dollar Index could see a reflexive rebound if the Federal Reserve cuts interest rates by 25 basis points at this week's Federal Open Market Committee meeting, instead of the 50 basis points reflected by the futures market. However, he added that the US Dollar Index may weaken further in late 2024 and 2025, falling below the 101-107 range seen since December 2022. (Gold Ten)
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