According to Golden Finance, Philip Wee, a foreign exchange strategist at DBS Bank, stated in a research report that the US dollar index could experience a knee-jerk 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 point reduction reflected in the futures market. However, he added that the dollar index may weaken further, falling below the 101-107 range seen since December 2022, as we enter late 2024 and 2025.