Deutsche Bank: If expectations of a Fed rate cut weaken, the US dollar will rise.

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ODAILY
08-07
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Odaily Odaily News: Commerzbank said that after the recent market turmoil, the Federal Reserve is unlikely to endorse expectations that it may cut interest rates more aggressively than previously expected at the upcoming Jackson Hole Symposium, which may boost the dollar. Currency analyst Antje Praefcke said in a report that unless the CPI inflation data on August 14 is higher than expected, or there is another large-scale panic in the market, Fed officials may try to remain calm at the August 22-24 seminar and wait for the next labor market report in September. "This will mean that the current expectations of rate cuts may have to be revised, and the dollar may rise a little more." (Jinshi)

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