The Dollar Index (DXY) depreciated by 4.5% this quarter, closing last Friday at 101.11, below the 101.33 mark at the end of 2023, DBS FX strategist Philip Wee notes US GDP growth slowing to 1.7% in 2025 “A knee-jerk rebound is possible if the Fed delivers a 25 bps cut (our call) at the FOMC meeting on September 18 instead of the 50 bps reduction priced in by the futures market.
Source: https://www.fxstreet.com/news/usd-at-a-tipping-point-dbs-202409160945