Analyst: Fed rate cuts will lead to continued weakness of the US dollar
ChainCatcher news, according to Golden Ten Data, analysts at Monex Europe stated in a report that even if the US dollar stabilizes before the weekend and Friday's economic data is light, the dollar may continue to weaken.
They believe that the Federal Reserve seems likely to cut interest rates again on September 17 and begin a steady policy easing cycle, which will put the dollar on the defensive in the coming months. Data released on Thursday showed that initial jobless claims last week increased more than expected, while August inflation data was weaker than anticipated, prompting the market to increase bets on rate cuts.
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