Dollar will be cut down to size if Fed gives in to market whims – Reuters poll
The U.S. dollar’s dominance will come to an end if the Federal Reserve gives in to pressure from financial markets and President Donald Trump and chops interest rates another 50 basis points this year, a Reuters poll of market strategists showed.
While a complete U-turn in expectations for Fed policy toward easing compared to tightening at the start of the year has not driven the dollar weaker, the latest poll of 60 analysts still showed a weaker outlook for the greenback.
The U.S. central bank delivered a rate cut last week but the dollar .DXY held firm, mostly driven by Fed Chair Jerome Powell’s comments citing the latest move as “a mid-cycle adjustment to policy,” dampening expectations for aggressive easing. Read more @ REASON WHY WE SELL USD – IS OVER-VALUED
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