Deutsche Bank: Interest rate cut expectations superimposed by Trump pressure, dollar rebound may be limited
2025-07-16 07:00:19
Michael Pfister of Deutsche Bank Research said the dollar could rise in the short term, but gains could be limited. The dollar's recent weakness may be excessive for now, allowing for a small rally. However, the prospect of a Federal Reserve rate cut should dampen any dollar rally. In addition, Trump's calls for rate cuts and attacks on the independence of the Federal Reserve will also dampen the recovery. Deutsche Bank expects the Federal Reserve to cut interest rates in September. Therefore, he believes that the current stage of the dollar's recovery is unlikely to last long. (Jin Ten)
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