ING: The market needs to price in further rate cuts from the Fed for the dollar to weaken
According to a report by Dutch international analyst Francesco Pesole, Golden Finance reports that the market needs to expect further interest rate cuts from the Federal Reserve before the US dollar weakens. Without this, the US dollar is more likely to strengthen in the short term. The US currency market may show expectations of unchanged interest rates starting in November or December. Due to the uncertainty before the US presidential election, the US dollar may also appreciate.
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