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Analysts: Fed rate cuts will lead to continued weakness in the U.S. dollar

Source: ChainCatcher
According to ChainCatcher, Monex Europe analysts said in a report that the dollar may continue to weaken even if the dollar stabilized before the weekend and the economic data on Friday is light. They believe the Fed appears to cut interest rates again on September 17 and begin a stable policy easing cycle that will put the dollar on the defensive in the coming months. Data released on Thursday showed that the number of initial jobless claims increased more than expected last week, while inflation data in August fell short of expectations, and the market increased bets on interest rate cuts.
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