The US dollar briefly fell to a seven-week low and remains under pressure. The 25 basis point rate cut was in line with market expectations, but the Federal Reserve appeared less proactive in further easing than anticipated. Michael Pfister of Deutsche Bank noted in his report that Fed Chair Jerome Powell's comments suggest that the risk of high inflation is smaller than the risk of labor market deterioration, which could pave the way for rate cuts after the policy pause in January next year.