TechFlow, October 14 — ING analyst Francesco Pesole said that if Fed Chair Powell maintains his cautious stance on rate cuts during his later speech, the dollar could strengthen further. Pesole noted that due to the U.S. government shutdown delaying the release of official employment data, Powell is likely to retain his previous cautious tone. "During this data blackout period, this effect could continue to build in markets, leaving the dollar exposed to some upside risks." However, he added that once the data are released, if they show a deterioration in labor market conditions, the dollar could turn lower and hit a new cyclical low by year-end. (Jinshi)
Add to Favorites
Share to Social Media
