TechFlow news, May 7 — According to Jinshi Data, MUFG Bank analyst Halpenny said in a report that if the Federal Reserve adopts a cautious stance toward the possibility of rate cuts in the coming months during its Wednesday meeting, the dollar may not necessarily appreciate. He noted that the euro has strengthened since early April, even though the two-year government bond yield differential between the EU and the U.S. has shifted in favor of the U.S. This suggests that cautious signals on rate cuts do not necessarily boost the dollar. Halpenny added that policy uncertainty and strong expectations of weakening in the U.S. economy mean the dollar could remain weak or weaken further.
Add to Favorites
Share to Social Media
