TechFlow, July 24 — According to Jinshi Data, Bank of America strategist Alex Cohen said that uncertainty surrounding the leadership outlook of the Federal Reserve is weakening the dollar's performance. Such concerns "are clearly affecting the dollar earlier than other assets" and may be the main obstacle preventing the dollar from rebounding. "Even if future leadership changes proceed in a relatively conventional manner, the market is already pricing in expectations of a more accommodative Fed environment," Cohen noted. Trump continues to pressure Federal Reserve Chair Powell to cut interest rates and plans to visit the Fed's headquarters today, further highlighting signs of political intervention.
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