Fed rate cut expectations boost risk sentiment, US dollar weakens against most currencies

ChainCatcher news, according to Golden Ten Data, the US dollar weakened against most G10 currencies and Asian currencies as expectations of a Federal Reserve rate cut boosted risk appetite. Ipek Ozkardeskaya, Senior Analyst at Swissquote Bank, pointed out that as long as inflation is under control, the Federal Reserve is prepared to start a new round of policy easing to address the weak US job market. FactSet data shows that the US dollar fell 0.4% against the Japanese yen to 146.84, and fell 0.4% against the South Korean won to 1,379.64.