ING: The market needs to price in further rate cuts from the Fed before the dollar weakens

ING analyst Francesco Pesole said in a report that the market needs to expect the Federal Reserve to cut interest rates further for the dollar to weaken. Without this, the dollar is more likely to strengthen in the short term. It is possible that the U.S. money market will begin to show expectations of unchanged interest rates in November or December. The dollar may also appreciate due to uncertainty before the U.S. presidential election. (Jinshi)