The US dollar has fallen as the market is more likely to anticipate a 50 basis point interest rate cut by the Federal Reserve this week, rather than a 25 basis point cut. Data from LSEG Refinitiv shows that the market currently expects a 70% probability of a 50 basis point cut. In a report, Ipek Ozkardeskaya, an analyst at Swissquote Bank, said, “I still strongly believe that a 25 basis point cut would be the best option, as current economic data is not alarming. However, the Fed may want to avoid disappointing the market with a 25 basis point cut, and the calls for a 75 basis point cut from some Democrats are adding fuel to the fire." (JinShi)