A BCA Research foreign-exchange strategist said the U.S. dollar’s recent rebound appears excessive and lacks support to break out of its trading range over the past year. According to ChainCatcher, the view was outlined in a note by BCA Research FX strategist Artem Sakhbiev, as cited by Jinshi.
Sakhbiev said the dollar was boosted after the Federal Reserve raised its interest-rate projections at last week’s meeting and emphasized inflation, which pushed inflation-adjusted real yields sharply higher. He added that the rise in real yields eased pressure for rate cuts and supported the dollar.
However, Sakhbiev said that move now appears largely finished. He expects the Fed may keep rates unchanged, and said the spread between short-term and long-term yields could widen.
BCA Research Strategist Says Recent U.S. Dollar Rebound Looks Overdone
2026-06-26 09:44:33
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