With the 10-year US Treasury bond yield extending its slide after touching the lowest level since November 2016 yesterday and escalating fears over a long-lasting trade war between the United States and China weighing on the market sentiment, markets now see one more 25 basis points rate cut in September as certain. According to the CME Group FedWatch Tool, the probability of a September cut, which dropped below 50% earlier this week following Chairman Powell’s neutral comments on the policy outlook, is now at 98%. Heightened odds of a rate cut in September seems to be hurting the Greenback. As of writing, the US Dollar Index was down 0.22% on the day at 98.18. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NFP: Overall job and income growth are holding up – Wells Fargo FX Street 4 years With the 10-year US Treasury bond yield extending its slide after touching the lowest level since November 2016 yesterday and escalating fears over a long-lasting trade war between the United States and China weighing on the market sentiment, markets now see one more 25 basis points rate cut in September as certain. According to the CME Group FedWatch Tool, the probability of a September cut, which dropped below 50% earlier this week following Chairman Powell's neutral comments on the policy outlook, is now at 98%. Heightened odds of a rate cut in September seems to be hurting the Greenback. As… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
