Monex: The Federal Reserve's interest rate cuts will lead to continued weakness of the dollar

ChainCatcher news, according to Jinshi reports, Monex Europe analysts stated in a report that even if the dollar stabilizes before the weekend and Friday's economic data is light, the dollar may continue to weaken. They believe that the Federal Reserve seems likely to cut interest rates again on September 17 and begin a stable policy easing cycle, which will put the dollar on the defensive in the coming months. Data released on Thursday showed that the number of initial jobless claims rose more than expected last week, while August inflation data fell short of expectations, leading the market to increase bets on interest rate cuts.