After the Federal Reserve cut interest rates, the dollar recorded its worst single-day performance since September

According to Jin Ten's report, on Wednesday, Federal Reserve Chairman Powell emphasized the risks in the labor market while downplaying inflation concerns, leading to the worst performance of the dollar in nearly three months. The dollar index closed down 0.4%, marking the largest decline since September 16, following the Federal Reserve's decision to cut interest rates by 0.25 percentage points. Bank of America strategist Alex Cohen stated that Powell's less optimistic view on the labor market contributed to the dollar's decline. Macro strategist Edward Harrison pointed out that a weak dollar should be guided by bond and interest rate differentials.