Fed rate cut expectations lead to weakening of the dollar against G10 and Asian currencies

According to ChainCatcher, the dollar weakened against most G10 currencies and Asian currencies as the prospect of a Fed rate cut boosted risk appetite. Senior analysts at Swiss Bank of Switzerland pointed out that as long as inflation is controlled, the Federal Reserve is ready to start a new round of policy easing cycle to cope with the weak U.S. job market. FactSet data shows that the U.S. dollar fell 0.4% to 146.84 against the Japanese Yen and the U.S. dollar fell 0.4% to 1,379.64 against the Korean Won.