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Analysts: Dollar falls as chances of Fed rate cut in November rise
2024-10-24 12:06
Odaily News XTB analyst Brooks said the dollar fell because the Fed seemed more likely to cut interest rates in November and less likely to keep them unchanged. According to LSEG Refinitiv data, U.S. money markets showed that the probability of the Fed not cutting interest rates in November was only 5%, down from 12% previously. At the same time, opinion polls showed that the competition in the U.S. presidential election in November was very fierce. She said that no clear election results would hit sentiment, drag down economic growth, and may lead to more rate cuts. (Jinshi)