Analysts: Dollar weakness may have exceeded
2024-08-20 11:41:35
Ipek Ozkardeskaya, an analyst at Swissquote Bank, said the dollar fell as investors expected Federal Reserve Chairperson Jerome Powell to signal an imminent rate cut at the Jackson Hole seminar on Friday, but the weakness appeared to be overdone. She said the US economy had performed better than most other countries, and that alone did not justify the Fed cutting interest rates more than other central banks in the coming months.
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