According to Odaily, ING has stated that even if the U.S. PCE data supports the expectation of a 100 basis point rate cut by the Federal Reserve by the end of the year, the dollar is unlikely to see a significant decline. ING analyst Francesco Pesole mentioned in a report that in the short term, the dollar does not seem poised for a substantial drop. He noted that the market's confidence in the Fed's easing policy has made the Fed appear more assured in cutting rates soon, suggesting that the largest part of the dollar's decline may have already occurred. He also pointed out that the upcoming U.S. Labor Day holiday on Monday could favor range trading on Friday.
Dante
