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Rabobank International: Dollar's Rally May Not Sustain, Focus on Inflation Data
Summary: In breaking news, according to a report by FXStreet, analyst Francesco Pesole from Rabobank International stated that the ability of the dollar to continue its rally this week seems limited. Despite the boost to the dollar from easing concerns about bad loans in the U.S. banking sector, Pesole pointed out that further gains for the ...
In breaking news, according to a report by FXStreet, analyst Francesco Pesole from Rabobank International stated that the ability of the dollar to continue its rally this week seems limited. Despite the boost to the dollar from easing concerns about bad loans in the U.S. banking sector, Pesole pointed out that further gains for the dollar will be harder to come by unless the market finds a reason to rule out one of the three rate cuts by the Fed before March next year. Pesole believes that the most realistic driver for repricing rate expectations this week will be higher-than-expected U.S. inflation data on Friday, but this is unlikely to occur.
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Link: Rabobank International: Dollar's Rally May Not Sustain, Focus on Inflation Data [Copy]
