According to Odaily, DBS Bank Forex Strategist Philip Wee stated in a research report that if the Federal Reserve cuts interest rates by 25 basis points at this week's Federal Open Market Committee meeting, instead of the 50 basis points reflected by the futures market, the dollar index might experience a reflexive rebound. However, he added that moving into late 2024 and 2025, the dollar index could weaken further, falling below the 101-107 range seen since December 2022.