According to Golden Finance, Mitsubishi UFJ Financial Group (MUFG) believes that the dollar is unlikely to experience a sustained recovery even if the Federal Reserve cuts interest rates by 25 basis points this week.

MUFG analyst Lee Hardman said in a report that even a 25 basis point rate cut could lead to further cuts at future meetings, particularly if the labor market continues to weaken. He said this suggests that "people may still think it's only a matter of time before the Fed needs to accelerate the pace of rate cuts." (JinShi)