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As the Federal Reserve is expected to cut interest rates in September, high-interest dollar deposits have once again become an investment product that the market is paying attention to. A reporter from Shanghai Securities News recently learned that bank financial institutions are actively deploying dollar deposit products, with annualized yields generally reaching 5%. The scale of this type of product is showing a rapid growth trend. According to Puyi Standard data, as of now, there are 1,255 products in the market, far higher than the level at the beginning of the year, with a scale of dollar deposits exceeding 200 billion yuan.

As expectations grow that the Federal Reserve will cut interest rates in September, high-interest dollar deposits have once again become an investment product of market attention.

A reporter from Shanghai Securities News recently learned that bank financial institutions are actively deploying US dollar deposit products, with annualized yields generally reaching 5%. The scale of this type of product is showing a rapid growth trend. According to Puyi Standard data, as of now, there are 1,255 products in the market, far higher than the level at the beginning of the year, with a US dollar deposit scale of more than 200 billion yuan.

Market participants said that with the Federal Reserve's interest rate cut approaching, there is still room to allocate existing US dollars to related wealth management products, but as the direction of carry trades changes, exchange rate risks may affect returns.

One-year USD time deposit interest rate up to 5%