Federal Reserve officials make vague statements about interest rate cuts as emerging market currencies fall

According to the Zhitong Finance and Economics app, on Wednesday, due to the uncertainty of the interest rate cut signal released by the Fed officials, the US dollar strengthened and emerging market currencies fell one after another. The MSCI International Index tracking emerging market currencies fell by 0.2%, with the Hungarian Forint, Czech Koruna, Brazilian Real, and Polish Zloty all declining by at least 0.8%. The Bloomberg Dollar Index rose by 0.6%, while US Treasury yields also rose. This was because San Francisco Fed President Daly stated on Wednesday that further interest rate cuts may still be needed, but the Fed should be cautious when taking such measures.