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Institutions: Dollar May Rise After US GDP Data and Fed Decision
Summary: According to sources, Monex Europe analysts stated in a report that if the upcoming US economic growth data shows strength and Fed Chair Powell remains cautious about rate cuts in the later decision, the dollar may further rise. The US second-quarter GDP data will be released at 20:30 Beijing time, and the Fed's policy decision ...
According to sources, Monex Europe analysts stated in a report that if the upcoming US economic growth data shows strength and Fed Chair Powell remains cautious about rate cuts in the later decision, the dollar may further rise. The US second-quarter GDP data will be released at 20:30 Beijing time, and the Fed's policy decision will be announced at 02:00 the next day, with rates expected to remain unchanged.
However, analysts suggest that the dollar's gains should be limited. They argue that the dollar's recent rise this week seems to be more about position adjustments ahead of key events rather than a fundamental reassessment of its value.
