Analysts: Dollar falls as likelihood of Fed rate cut in November increases

Odaily Odaily News XTB analyst Brooks said the dollar fell because the Fed seemed more likely to cut interest rates in November and less likely to keep them unchanged. According to LSEG Refinitiv data, the US money market shows that the probability of the Fed not cutting interest rates in November is only 5%, down from 12% previously. At the same time, opinion polls show that the competition in the US presidential election in November is very fierce. She said that the lack of a clear election result would hit sentiment, drag down economic growth, and may lead to more interest rate cuts. (Jinshi)