On the eve of the Federal Reserve decision, the US Dollar Index remains weak

ChainCatcher news, according to Golden Ten Data, the US Dollar Index (DXY) edged up slightly on Wednesday but remained near its lowest point in two and a half months. Investors generally expect the Federal Reserve to cut interest rates soon, and the market is on high alert. Data from the London Stock Exchange Group shows that the market estimates a 97% probability that the Federal Reserve will announce a 25 basis point rate cut tonight, and a 3% probability for a 50 basis point cut. Thu Lan Nguyen, an analyst at Commerzbank, pointed out that a larger rate cut would put significant pressure on the US dollar and could trigger concerns in the market about "implementing an accommodative monetary policy under political pressure."