Global FX Market Summary: Fed Rate Cuts, Hormuz Border…

Fading Fed rate-hike odds, expired Hormuz diplomacy, and joint US-Japan currency interventions have driven down the US Dollar.. Collapse in September Rate-Hike Odds Drives DXY Below 200-Day EMA Expectations for monetary tightening by the United States central bank have cooled rapidly following a sequence of softer domestic economic reports. Disappointing figures—including a monthly contraction in…