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Report: The dollar is expected to be unable to sustain a pump.
Odaily Planet Daily News Yuexin Bank said in a report that the US dollar edged up on Monday, recovering from a recent decline, but the dollar could not pump significantly due to investors continuing to digest expectations of aggressive rate cuts by the Fed. The analyst said the market expects the Fed to cut rates by more than 100 basis points before the end of the year, and by more than 200 basis points by July 2025. This situation is preventing the dollar from recovering continuously and may not rule out new lows in the short term. Attention this week will focus on the first TV debate between Harris and Trump and US inflation data on Wednesday. (IG)