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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: The market has cut interest rates for the Federal Reserve, and the US dollar is under pressure." Hope it will be helpful to you! The original content is as follows:
XM Forex APP News--On the European session on Monday (September 15), the US dollar/Canadian dollar fell slightly, trading around 1.3820. The weak U.S. consumer confidence data released last Friday put bearish pressure on the dollar, but investors were cautious about shorting the dollar ahead of Wednesday's Fed resolution. Market participants have almost qphgm.cnpletely digested the Fed's expectations of a 25 basis point cut on Wednesday. If it meets expectations, the interest rate cut will have limited impact on the US dollar. However, if unexpected measures or unexpected statements occur, market volatility may be aggravated. Carol Kong, foreign exchange strategist at the Federal Bank of Australia, said, "The Federal Open Market qphgm.cnmittee (FOMC) is expected to cut interest rates by 25 basis points this week. This expectation has been qphgm.cnpletely digested by the market, or even over-digested. To have an impact on the exchange rate, Powell must send a dovish signal far exceeding the market's expectations, clearly implying that there will be a subsequent cut. If the Federal Open Market qphgm.cnmittee unexpectedly cuts interest rates by 50 basis points, it may also lead to a sharp decline in the US dollar unless he says the possibility of subsequent interest rate cuts is limited." On the other hand, affected by the weak labor market, the Bank of Canada is also facing pressure to cut interest rates this week. The market also expects the Bank of Canada to cut interest rates by 25 basis points on Wednesday. Before that, Canada's Consumer Price Index (CPI) is expected to show a further slowdown in inflation, which will pave the way for the Bank of Canada to cut interest rates.
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