The US dollar continues to rise, and the Federal Reserve is expected to cut interest rates cautiously.

Odaily Planet Daily News The US dollar continued its upward trend from last week as the market expects the Federal Reserve to maintain a gradual pace of interest rate cuts, which generally supports the US dollar. The intercontinental exchange DXY dollar index pumped 0.3%, wiping out the decline of about two months. The Wall Street Journal dollar index pumped 0.4%, also returning to the level of August. The US dollar pumped 0.5% against the Japanese yen and 0.3% against the euro. The indicators announced this week are unlikely to change the prospect of a 25 basis point interest rate cut by the Federal Reserve next month. (Jinshi)