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German Bank: Rate Cut Expectations Combined with Trump Pressure, Limited Potential for Dollar Rebound
Summary: According to reports, Michael Pfister from the research department of a German bank stated that the US dollar may see a short-term increase, but the extent of the rise may be limited. The recent weakness of the dollar may allow for a slight rebound, but the prospect of a rate cut by the Federal Reserve ...
According to reports, Michael Pfister from the research department of a German bank stated that the US dollar may see a short-term increase, but the extent of the rise may be limited. The recent weakness of the dollar may allow for a slight rebound, but the prospect of a rate cut by the Federal Reserve should suppress any dollar rebound. Additionally, Trump's calls for rate cuts and criticism of the Fed's independence will also hinder recovery. The German bank predicts a rate cut by the Federal Reserve in September. Therefore, it is believed that the current phase of dollar recovery is unlikely to last long.
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Link: German Bank: Rate Cut Expectations Combined with Trump Pressure, Limited Potential for Dollar Rebound [Copy]
