Odaily Planet Daily News, Yu Xin Bank stated in a report that the dollar edged up slightly on Monday, recovering from recent declines, but the dollar cannot pump significantly due to investors continuing to digest expectations of aggressive rate cuts by the Fed. The analyst said the market expects the Fed to cut rates by more than 100 basis points by the end of the year, and by more than 200 basis points by July 2025. This situation is preventing the dollar from continuing to recover, and new lows may not be ruled out in the short term. Attention this week will focus on the first televised debate between Harris and Trump, as well as U.S. inflation data on Wednesday. (Xinhua)
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Rapor: Doların sürdürülemez olduğu tahmin ediliyor01928374656574839201
Odaily Planet Daily News, Yu Xin Bank stated in a report that the dollar edged up slightly on Monday, recovering from recent declines, but the dollar cannot pump significantly due to investors continuing to digest expectations of aggressive rate cuts by the Fed. The analyst said the market expects the Fed to cut rates by more than 100 basis points by the end of the year, and by more than 200 basis points by July 2025. This situation is preventing the dollar from continuing to recover, and new lows may not be ruled out in the short term. Attention this week will focus on the first televised debate between Harris and Trump, as well as U.S. inflation data on Wednesday. (Xinhua)