Report: The dollar is not expected to continue to rise

Odaily Odaily News UniCredit Bank said in a report that the dollar rose slightly on Monday, recovering from its recent decline, but it was unable to rise significantly as investors continued to digest expectations of aggressive interest rate cuts by the Federal Reserve. The analyst said that the market expects the Federal Reserve to cut interest rates by more than 100 basis points by the end of the year and more than 200 basis points by July 2025. This situation is preventing the dollar from continuing to recover, and new lows may not be ruled out in the short term. This week's attention will be focused on the first televised debate between Harris and Trump and US inflation data on Wednesday. (Jinshi)