Odaily星球日报讯 法兴银行分析称，美联储可能会在 9 月份开始降息，但美元的任何贬值都将是有限的。该行外汇策略师表示，美元在 2021-2022 年的反弹为向下修正提供了充足的空间，但除非美国经济放缓幅度远超预期，否则美国利率“非常不可能”接近 2020 年新冠疫情爆发前的水平。他们表示，最大的波动应该是美元兑日元，可能在 2025 年初从目前的 156.197 跌至 140。日元是受美国利率和收益率上升打击最严重的货币。他们说，在 2024 年或 2025 年的某个时候，欧元兑美元可能会从目前的 1.0850 升至 1.15。（金十）

法兴银行：美联储可能会在9月份开始降息，但不会使美元大幅贬值

Odaily Odaily News: Societe Generale analyzed that the Federal Reserve may start cutting interest rates in September, but any depreciation of the US dollar will be limited. The bank&#39;s foreign exchange strategists said that the rebound of the US dollar in 2021-2022 provides ample room for downward corrections, but unless the US economy slows much more than expected, it is &quot;very unlikely&quot; that US interest rates will be close to the level before the outbreak of the 2020 new crown epidemic. They said the biggest fluctuation should be the US dollar against the yen, which may fall from the current 156.197 to 140 in early 2025. The yen is the currency hardest hit by rising US interest rates and yields. They said that sometime in 2024 or 2025, the euro may rise to 1.15 against the US dollar from the current 1.0850. (Jinshi)

Societe Generale: The Fed may start cutting interest rates in September, but it will not cause a significant depreciation of the dollar

Odaily Odaily reported that according to Reuters analysis, the Federal Reserve's policy meeting next week may delete the wording of "high" inflation. If this is the case, it will be the strongest signal so far that the Fed plans to cut interest rates as early as September and start its easing cycle. The adjustment of the description of inflation from high to milder words may also lead the Fed to revise another key sentence in the current policy statement: the Fed will not cut interest rates until officials are "more confident that inflation will continue to move toward 2%." Bostic, a 2024 FOMC voting member, indirectly hinted at the end of June that if the inflation rate reaches 2.5% or below, it can be used as an indicator to consider adjusting the description of inflation. Many economists believe that the June PCE data released on July 26 will fall to or below this threshold. (Jinshi)

Foreign media: The Fed statement may delete the wording of "high inflation"

Fed Chairman Powell recently expressed the view that inflation data is conducive to interest rate cuts three times. The market generally expects that the Fed may implement two interest rate cuts this year. This series of interest rate cuts is expected to significantly increase the liquidity of funds in the market, which will have a significant positive impact on the cryptocurrency market, indicating that more funds may flow into this field.
Summary:
· After the release of the June CPI data, the market generally expects that the Fed may take interest rate cuts in September, and Fed officials have also publicly stated that the time for interest rate cuts is approaching.
· In the short term, the interest rate cuts by global central banks represented by the Fed will undoubtedly...

Gate Research Institute: A wave of interest rate cuts is coming, will the market bottom out and reverse?

Emerging markets and cryptocurrencies could benefit as the dollar weakens and the Fed begins cutting rates