ChainCatcher news, LPL Financial analyst Jeffrey Roach said in a report that the sudden volatility in the foreign exchange market "may be a reason for the Fed's decision to cut interest rates before the regularly scheduled meeting on September 18". Investors should know that a well-functioning US dollar funding market is essential to supporting the financial system, and increased exchange rate volatility is a risk.
Roach suggested that investors "pay attention to the Fed's use of liquidity swap operations in the short term" because the increase in operations "may indicate increased uncertainty among central bank officials." (Jinshi)