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

ChainCatcher news, according to Golden Ten Data, on Wednesday, Federal Reserve Chairman Jerome Powell emphasized labor market risks in his speech while downplaying concerns about inflation, resulting in the dollar recording its worst performance in nearly three months. The US Dollar Index closed down 0.4%, marking its largest drop since September 16, after the Federal Reserve decided to cut interest rates by 0.25 percentage points. Bank of America strategist Alex Cohen stated that Powell's less optimistic stance on the labor market led to the dollar's decline. Macro strategist Edward Harrison pointed out that a weak dollar should be guided by bonds and interest rate differentials.