The expectation of a Federal Reserve interest rate cut boosts risk sentiment, causing the dollar to weaken against most currencies

ChainCatcher news, according to Jinshi reports, due to the Federal Reserve's interest rate cut outlook boosting risk appetite, the dollar has weakened against most G10 currencies and Asian currencies. Ipek Ozkardeskaya, a senior analyst at Swiss bank IHS Markit, pointed out that as long as inflation is under control, the Federal Reserve is ready to initiate a new round of policy easing to address the weak U.S. labor market. FactSet data shows that the dollar fell 0.4% against the yen to 146.84, and the dollar fell 0.4% against the won to 1,379.64.