The U.S. dollar index climbed to 104, and the euro hit a three-week low

The Swiss National Bank unexpectedly cut interest rates on Thursday, becoming the first developed economy to enter an interest rate reduction cycle, raising market expectations that more major central banks will join the ranks of interest rate cuts. As U.S. economic data was more robust than major economies, investors moved funds to the U.S. market, causing the euro to fall to a three-week low against the dollar.

The U.S. dollar index rose above 104

The U.S. dollar index rose above 104, stimulated by the news of the Swiss National Bank cutting interest rates, showing the market's optimism about the U.S. economy. Investors expect that the U.S. economy will continue to grow strongly, supporting the dollar exchange rate.

Euro falls against dollar

The euro fell to a three-week low against the dollar, weighed down by a rate cut by the Swiss National Bank and strong U.S. economic data. Economic growth in the Eurozone has slowed down, and the market is worried about the economic prospects of the Eurozone.

The market expects more central banks to join in cutting interest rates

The Swiss National Bank's interest rate cuts triggered market expectations for interest rate cuts from other major central banks. Investors will closely monitor policy developments from other central banks to address the challenge of slowing global economic growth.

• The U.S. dollar index rose above 104, showing the market's optimism about the U.S. economy.
• The euro fell to a three-week low against the dollar, weighed down by a rate cut by the Swiss National Bank and strong U.S. economic data.
• Investors expect more major central banks to join in cutting interest rates to address the challenge of slowing global economic growth.

In general, the Swiss National Bank's interest rate cuts have had a significant impact on the global foreign exchange market, triggering market concerns about the global economic outlook. Investors should remain vigilant and pay close attention to the policy trends of central banks in various countries to respond to changes in the external environment.