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US Dollar Expected to Weaken Further, Strategist Downgrades View to Negative
Summary: According to sources, Lombard Odier strategist predicts the US dollar will weaken further, downgrading their view from neutral to negative. Despite a slight increase in US inflation, there is no clear indication of significant hiring or firing activities by businesses, and market consensus is gradually moving closer to expectations of three interest rate cuts by ...
According to sources, Lombard Odier strategist predicts the US dollar will weaken further, downgrading their view from neutral to negative. Despite a slight increase in US inflation, there is no clear indication of significant hiring or firing activities by businesses, and market consensus is gradually moving closer to expectations of three interest rate cuts by the Federal Reserve this year. The strategist stated that lower US interest rates will weaken the dollar's yield advantage, and the decreasing cost of hedging is also reducing demand for the dollar.
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Link: US Dollar Expected to Weaken Further, Strategist Downgrades View to Negative [Copy]
