Analyst Predicts Dollar Strength Amid Fed Rate Expectations

According to Odaily, Dutch analyst Francesco Pesole stated in a recent report that the market needs to anticipate further rate cuts by the Federal Reserve for the dollar to weaken. Without this expectation, the dollar is more likely to strengthen in the short term. The U.S. money market may start showing expectations of unchanged interest rates in November or December. Additionally, due to uncertainties surrounding the upcoming U.S. presidential election, the dollar could also appreciate.