If Powell continues his cautious tone, the dollar could strengthen further
2025-10-14 10:24:37
Francesco Pesole, an analyst at ING Bank, said the dollar could strengthen further if Federal Reserve Chairperson Jerome Powell maintains his cautious stance on rate cuts in a later speech. Pesole pointed out that Powell may maintain his previous cautious tone due to the delay in the release of official employment data due to the US government shutdown. During the data window, this impact may still ferment in the market, and the dollar faces some upside risks. However, he added that once the data is released, if it shows a deterioration in employment conditions, the dollar may turn weaker and refresh the stage low at the end of the year.
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