Analysts at Rabobank stated in a report that due to the Federal Reserve becoming more cautious regarding interest rate cuts, the dollar has surpassed the pound so far this year, becoming the best-performing G10 currency. The Federal Reserve implemented a highly anticipated 25 basis point rate cut last Wednesday but simultaneously hinted that the pace of rate cuts would slow down. The Bank of England maintained interest rates as expected last Thursday, but three members voted in favor of a rate cut. According to the latest data from the U.S. Commodity Futures Trading Commission, prior to the announcements of these two decisions, the dollar positions turned net long for the first time since November 5, while long positions in the pound decreased in the week ending December 17. Long positions are bets on rising asset prices. (Jin Shi)