The dollar rose to a three-month high due to declining expectations for interest rate cuts

According to Jinshi reports, the US Dollar Index DXY rose to a three-month high as market expectations for further immediate rate cuts in the US decreased. The Federal Reserve lowered interest rates last week as expected, but Fed Chairman Powell stated that another rate cut in December is not a foregone conclusion. Analysts pointed out that the ongoing government shutdown has led to a lack of official data, and the absence of new negative news has kept market volatility low, while demand for the dollar remains strong.