The US dollar continues to rise, and the Fed is expected to cut interest rates cautiously

The dollar extended last week's gains as market expectations that the Federal Reserve will maintain a gradual pace of rate cuts broadly supported the greenback. The Intercontinental Exchange DXY Dollar Index rose 0.3%, erasing about two months of losses. The Wall Street Journal Dollar Index rose 0.4%, also returning to August levels. The dollar rose 0.5% against the yen and 0.3% against the euro. The indicators released this week are unlikely to change the outlook for a 25 basis point rate cut by the Federal Reserve next month. (Jinshi)