According to Jin10, UniCredit's foreign exchange analyst Roberto Mialich stated in a report that the Federal Reserve is expected to keep interest rates unchanged on Wednesday, a decision unlikely to provide much support for the dollar. Mialich said that Federal Reserve Chairman Powell made it clear in a speech last month that the central bank will wait for clearer information on how tariffs will affect the economy and inflation. The dollar index remains weak, and the options market still shows that investors tend to bet on the dollar falling rather than rising. UniCredit expects the EUR/USD to continue trading around 1.13.
Analyst: Fed's Inaction Unlikely to Support Dollar
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A $5 billion single-product emerges? JPMorgan maintains a "Neutral" rating on Amgen (AMGN.US): A good drug doesn't necessarily mean a good buying opportunity.
Amgen's Imdelltra has maintained data with an HR of 0.42, nearly doubling survival time. Morgan Stanley estimates that it will become a single product with annual sales of around 5 billions USD. However, they maintain a Neutral rating and a target price of 350 USD.

Goldman Sachs: Yen Regains "Safe Haven King" Status, Becomes Most Effective Tool to Hedge Against AI Market Shocks
Goldman Sachs stated that the Japanese yen has become a better tool for hedging against AI shocks, with policy shifts reducing the risk of depreciation. The bank recommends shorting USD/JPY and EUR/JPY.

