Golden Finance reported that the dollar rose as the market continued to bet that the Federal Reserve would take a cautious path of interest rate cuts. According to data from the London Stock Exchange Group, the market expects the Federal Reserve to cut interest rates by a cumulative 38 basis points by December 2025. The Federal Reserve cut interest rates by 25 basis points the previous week, but signaled that the pace of future rate cuts would slow. Analysts at Deutsche Bank said in a report that the Federal Reserve is likely to skip cutting interest rates in January next year, which may evolve into a long pause in policy easing in 2025.