Analyst: Powell’s dovish stance will suppress the US dollar, with the probability of a rate cut approaching 90%

ChainCatcher news, according to Golden Ten Data, the US dollar remained steady ahead of the Federal Reserve's policy statement and Chairman Powell's speech. The market expects there is nearly a 90% probability that the Federal Reserve will cut interest rates by 25 basis points on Wednesday, and anticipates two more rate cuts next year. Joseph Dahrieh from Tickmill stated that if Powell gives any signals indicating the committee is leaning towards a more dovish policy path, it could put downward pressure on the US dollar and long-term yields.