Bank of America's Alex Cohen said in a note that the dollar could weaken further as the Federal Reserve appears poised to resume rate cuts while inflation remains high. He noted that worse-than-expected July non-farm payrolls data and concerns about the Fed's independence had driven market expectations for faster and larger rate cuts, although inflation was still showing signs of stickiness. "
Potential interest rate cuts at a time of rising inflation create fertile ground for a weaker dollar. "Bank of America expects the EUR/USD to rise from the current 1.1620 to 1.20 by the end of the year and further to 1.25 by the end of 2026.
Bank of America: Interest rate cuts and high inflation will weigh on the dollar
2025-08-21 14:51:26
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