Powell hints at a rate cut, will the global foreign exchange market structure change?

Ding Muqiao, a foreign exchange analyst at the funds operation center of China Merchants Bank, stated that there is a high probability of the Federal Reserve cutting interest rates in September, but the subsequent path of rate cuts is still uncertain. The US dollar is expected to maintain a narrow range of volatile patterns in the short term. The euro lacks support for independent strength factors and is expected to continue to fluctuate at high levels. The interest rate differential logic supports the yen to continue its weak volatile trend.