Analyst: Dollar falls because Fed rate cut in November more likely

Bitget news, XTB analyst Brooks said the dollar fell because the Federal Reserve seems more likely to cut interest rates in November and less likely to leave them unchanged. data from LSEG Refinitiv, the U.S. money market suggests that there is only a 5% chance that the Fed will not cut interest rates in November, down from 12% previously. At the same time, polls show that the November U.S. presidential election is very competitive. She said the lack of a clear election result would hit popularity and drag down economic growth, possibly leading to more rate cuts.