FED CUTS COULD PRESSURE DOLLAR ING’s Chris Turner said Fed rate cuts would likely weaken the dollar by lowering funding costs and driving more hedging against depreciation. Markets see a 93% chance of a 25bp cut on Sept. 17, with 71bps priced by end-2025 and 142bps by end-2026. The DXY index is up 0.1% at 97.669.(*Walter Bloomberg)