The US dollar edged higher on Monday, recovering from recent losses, but it is unable to pump significantly as investors continue to digest expectations of aggressive rate cuts by the Federal Reserve. Analysts expect 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 US dollar from sustained recovery and may not rule out new lows in the short term. Attention this week will focus on the first televised debate between Harris and Trump, as well as US inflation data on Wednesday. (Fx678)
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Báo cáo: Đồng đô la dự kiến sẽ không thể tiếp tục pump
The US dollar edged higher on Monday, recovering from recent losses, but it is unable to pump significantly as investors continue to digest expectations of aggressive rate cuts by the Federal Reserve. Analysts expect 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 US dollar from sustained recovery and may not rule out new lows in the short term. Attention this week will focus on the first televised debate between Harris and Trump, as well as US inflation data on Wednesday. (Fx678)