Monex: Fed rate cut bets will keep the dollar weak

The dollar may continue to weaken even if the dollar stabilizes before the weekend and the economy is light on Friday, Monex Europe analysts said in a report. They said the Fed appears to cut interest rates again on September 17 and begin a stable cycle of policy easing. This should put the dollar on the defensive in the coming months, they said. Data released on Thursday showed that the number of initial unemployment claims increased more than expected last week, while inflation data in August was lower than expected, with only a limited tariff transmission effect, and there was no sign that price pressure was expanding and the market increased bets for interest rate cuts. (Jin Shi)