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Netherlands International: US Dollar Resilient but Faces Downside Risks
Summary: According to sources, Netherlands International analyst Francesco Pesole stated that the US dollar remains resilient but faces downside risks. Over the weekend, news indicated that the US government shutdown made little progress, meaning the release of official economic data will be further delayed. Investors will closely watch the upcoming release of the Federal Reserve meeting ...
According to sources, Netherlands International analyst Francesco Pesole stated that the US dollar remains resilient but faces downside risks. Over the weekend, news indicated that the US government shutdown made little progress, meaning the release of official economic data will be further delayed. Investors will closely watch the upcoming release of the Federal Reserve meeting minutes this week to assess if Fed Chair Powell's cautious stance on further rate cuts is supported by the majority of members. Netherlands International pointed out that risks seem to slightly favor dovishness, which could trigger a negative reaction in the US dollar.
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Link: Netherlands International: US Dollar Resilient but Faces Downside Risks [Copy]
