MUFG: The Fed's 25 basis point rate cut this week will hardly boost the dollar

MUFG said that even if the Federal Reserve cuts interest rates by 25 basis points this week, it will be difficult for the dollar to achieve a sustained recovery. Lee Hardman, an analyst at MUFG, said in a report that even if the Fed cuts interest rates by 25 basis points, it may cut interest rates further at future meetings, especially if the labor market continues to weaken. He said this means that "people may still believe that it is only a matter of time before the Fed needs to accelerate the pace of rate cuts." (Jinshi)