The market has not completely eliminated the expectation of the Federal Reserve raising interest rates, limiting the decline of the dollar

According to Jinshi reports, strategists at Yuxin Investment Research Institute stated that after the temporary peace agreement between the United States and Iran, the market has lowered but not completely eliminated the expectations of the Federal Reserve raising interest rates, thus limiting the decline of the dollar. Data from the London Stock Exchange Group shows that the market believes there is a 68% chance of a 25 basis point rate hike in December, and it fully reflects the expectation of action by March next year. Strategists indicated that a rate hike is still possible, which would make the dollar's decline less severe compared to other assets (mainly oil prices).