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According to Odaily, the dollar has strengthened as markets anticipate a cautious approach to interest rate cuts by the Federal Reserve. Data from the London Stock Exchange Group indicates that the market expects a cumulative rate cut of 38 basis points by December 2025. The Federal Reserve recently reduced rates by 25 basis points but signaled a slower pace for future cuts. Analysts from Deutsche Bank suggest that the Fed is likely to skip a rate cut in January next year, which could lead to a prolonged pause in policy easing until 2025.