#Fed cuts interest rates# The US dollar interest rate is at a historical high, and the long-term downward trend of the US dollar index may have become history. Gold may remain strong at the same time as the US dollar. US inflation exploded in March, and the market expects a rate cut, but the possibility of a rate cut in June has dropped to 10%. The Fed may suspend its balance sheet reduction, which is the only consolation for the market. The direction of the rate cut is certain, but the rhythm and the impact on the economy are uncertain. The reasons for the decline in the US dollar interest rate are complex, and the weakening of the euro and the yen is one of the reasons. The rate cut transaction has entered the second stage of the game. The US dollar may be intermittently strong, and non-US central banks have also begun to plan for rate cuts. The US dollar may fluctuate in the first half of this year, and the trading theme of the foreign exchange market in the second half of the year may point to the US election. Regardless of who is elected, the market is optimistic about the US economic outlook. Gold may remain strong at the same time as the US dollar. The monetary world has changed greatly, and the boundaries of the US dollar exchange rate have expanded.