Swissquote Bank: The market bets on the Federal Reserve cutting interest rates again, and the dollar slightly declines
ChainCatcher news, according to Jinshi reports, Swiss bank analyst Ipek Ozkardeskaya stated in a report that the dollar has slightly weakened as investors bet on the Federal Reserve further cutting interest rates this month. The non-farm payroll data released last Friday showed an improvement in job growth in November, an increase in wages, but an unexpected rise in the unemployment rate.Ozkardeskaya noted that this data has strengthened market expectations that the Federal Reserve will cut rates by 25 basis points at the December meeting. At the same time, although investors are seeking safe-haven assets amid global political turmoil, these expectations support the case for a weaker dollar. LSEG data shows that the market currently sees an 85% chance of a 25 basis point rate cut in December.