Commerzbank: The US dollar may weaken as delayed data could affect rate cut expectations
According to ChainCatcher, citing Golden Ten Data, Thu Lan Nguyen from Commerzbank stated in a report that if the delayed data supports further rate cuts, the potential end of the US government shutdown could be negative for the US dollar. She pointed out that the recent rise of the dollar was due to the lack of official data during the shutdown, which supported the Federal Reserve's stance of pausing further rate cuts. Nguyen believes that the recent decline in rate cut expectations is unreasonable and sees it more as another argument for a weaker 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.
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