Report: The dollar is not expected to continue to rise

The dollar edged higher on Monday, recovering from its recent decline, but was unable to rise significantly as investors continued to digest expectations of aggressive rate cuts from the Federal Reserve, UniCredit said in a report. The market expects the Fed 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, the analyst said. This situation is preventing the dollar from a sustained recovery, 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)