On the eve of the Federal Reserve's decision, the dollar index remains weak

ChainCatcher news, according to Jin10 reports, the dollar index DXY rose slightly on Wednesday but still hovered near a two-and-a-half-month low. Investors generally expect the Federal Reserve to cut interest rates soon, and the market is on high alert. Data from the London Stock Exchange Group shows that the market expects a 97% probability that the Federal Reserve will announce a 25 basis point rate cut tonight, and a 3% probability for a 50 basis point cut. Deutsche Bank analyst Thu Lan Nguyen pointed out that a larger rate cut would put significant pressure on the dollar and could trigger market concerns about "implementing loose monetary policy under political pressure."