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The Fed's interest rate cut expectations boost risk sentiment, causing the dollar to weaken against most currencies.
According to Mars Finance news, due to the Fed's interest rate cut prospects boosting risk appetite, the US dollar weakened against most G10 currencies and Asian currencies, as reported by Jin10. Ipek Ozkardeskaya, a senior analyst at Swiss bank Credit Suisse, pointed out that as long as inflation is under control, the Fed is ready to start a new round of policy easing to respond to the weak US labor market. FactSet data shows that the dollar fell 0.4% against the yen to 146.84 and fell 0.4% against the won to 1,379.64.