Gate.io: Fed rate cut, the US dollar can remain strong

On November 25th’s news from Jin10 Data, Chris Turner, an analyst at ING, believes that even if the Fed cuts interest rates in December, the US dollar may remain strong before the end of the year. There are conflicting views in the market on whether the Fed will cut interest rates next month, but the agency expects the Fed to cut interest rates by 25 basis points. Turner said that the interest rate cut may bring adverse factors to the US dollar, and there are also potential seasonal weaknesses, as well as excessive positions betting on the appreciation of the US dollar. However, in the context of geopolitical uncertainty and the US economy performing better than the euro zone, the demand for safe-haven assets should continue to support the US dollar.