US Dollar:
1.
Federal Reserve - ① Bostic: There is currently little reason to cut interest rates further, and only one rate cut is expected this year. ② Musallem: There is limited room for further rate cuts. If inflation risks increase, further rate cuts will not be supported. ③ Milan: I believe the appropriate interest rate is in the mid-2% range. I do not support adjusting the 2% inflation target at this time. ④ Hammak: We should be very cautious when removing policy constraints, and my estimate of the neutral interest rate is on the higher side.
Major Non-US Currencies:
1. South Korean President: South Korea's large investments in the United States may hit its foreign exchange reserves.
2. Indonesia and the EU are about to sign a free trade agreement, which will provide zero tariffs on 80% of its exports.
3. Traders: The Reserve Bank of India may sell dollars through state-owned banks to support the Indian rupee, which has hit a record low.
4. Bank of Thailand: Supports gold trading in US dollars. Taxing gold transactions will not address the strong Thai baht. Others:
1. Argentina: Eliminate withholding taxes on all grains by October 31st to boost dollar supply.
2. Brazilian government: Projects a current budget deficit of 30.2 billion reais in 2025, down from a previous forecast of 26.3 billion reais.
