TD Securities: If the Fed cuts interest rates cautiously, the dollar may rise

According to ChainCatcher, according to Kingshin, TD Securities strategists said in a report that if the Fed cut interest rates by 25 basis points next week, but are cautious about further interest rate cuts, the dollar should rise. They noted that markets expect continuous rate cuts, but the Fed may curb these expectations, highlighting potential inflation risks. Powell may signal that the Fed is not on the road to a predetermined rate cut and will continue to monitor upcoming data to assess risks. This will boost the dollar, but in the long run, the dollar will still fall and any rebound is a good opportunity to sell.