Analyst: If Powell remains cautious or supports the dollar in the short term
2025-08-20 13:15:41
Rabobank foreign exchange strategist Jane Foley said in the report that if Federal Reserve Chair Powell is cautious about cutting interest rates in the upcoming speech, speculators may unwind their previous short positions in the dollar in the short term. Both the market and Rabobank expect the Federal Reserve to cut interest rates in September, reflecting the weakening labor market. However, Foley pointed out that Powell may still be cautious about easing policy when he speaks at the Jackson Hole Central Bank's annual meeting this Friday. This stance may support the dollar in the short term. Nonetheless, Rabobank still expects the EUR/USD to rise to 1.20 next spring, as the market expects more interest rate cuts in the future.
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