The Dutch International: In the coming weeks, the US dollar index DXY may test 102.

This article is machine translated
Show original

ING Bank said that although a recession is unlikely, the dollar faces further declines as the Federal Reserve may cut interest rates due to weak upcoming U.S. economic data, which will reduce safe-haven inflows. Analyst Chris Turner said in a report that compared with a recession and the Fed not reacting, weak U.S. data and the Fed's reaction will lead to a steeper yield curve, while risk appetite rises and the dollar weakens. The Fed may signal a rate cut at the Jackson Hole Symposium on August 22-24. The U.S. dollar index DXY may test 102 in the coming weeks.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments