Analyst: Powell may be able to push the dollar more than the 'Trump trade'

Jinshi Data News, July 15th, some analysts believe that the 'knee-jerk' buying of the US dollar (caused by the Trump assassination incident) will soon fade away, as it is expected that Federal Reserve Chairman Powell will make dovish remarks on the Interest Rate outlook this week, which will weaken the dollar. Investors will quickly follow the magnitude of the first rate cut, with some even expecting a 50 basis point cut in September. This will at least encourage some traders to buy short-term US Treasury bonds in large quantities. In addition, regardless of who wins the presidential election in November, the US sovereign credit rating is unlikely to improve, so traders will be cautious about boosting the dollar.

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