ING International: The US dollar will remain strong, but the room for further appreciation is limited
Dutch international foreign exchange analyst Turner said in a report that the US dollar has held its recent gains, approaching a two-month high against a basket of currencies. After investors significantly reduced their expectations for US interest rate cuts, the dollar should remain strong, but there is limited room for further appreciation.
Data shows that the U.S. money market expects less than 50 basis points cut in the Federal Reserve's last two meetings this year and may not make significant adjustments further. The bank suspects that U.S. short-term interest rates will start to rise sharply from now on.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
GIGADEV dropped 10.1% in 24 hours
To prevent liquidity support from being seen as QE, Federal Reserve's Logan proposes separate accounting for market functioning bond purchases and accelerated sales.
Dallas Federal Reserve President Lorie Logan stated that the Federal Reserve should completely separate market-functionality bond purchases from monetary policy operations, record them independently, and commit to selling them as soon as possible in order to dispel market concerns over the Fed potentially suppressing long-term yields. She emphasized that a full understanding of the Fed’s decision-making logic by the market itself has a stabilizing effect.
Organigram Receives Nasdaq Notice for Minimum Bid Price Noncompliance
Crypto prices
More
