Julius Baer: The dollar may rebound if expectations of a sharp rate cut weaken, but the gains will be limited

Odaily Odaily News: David Meier, an economist at Bosch, said in a report that if expectations of a sharp interest rate cut in the United States weaken, the dollar may rebound, but the gains will be limited. He said: "We don't think the dollar will return to its highs at the end of 2022 because overvaluation and low interest rates pose great resistance to its movement." It is expected that currencies such as the pound, Australian dollar and New Zealand dollar may continue to strengthen against the US dollar because these countries may not cut interest rates as quickly as the United States. He said that especially the pound and the New Zealand dollar, their central banks may have higher interest rates than the United States before the end of the year. (Jinshi)