Deutsche Bank: If the Fed's rate cut expectations weaken, the dollar will rise

ChainCatcher news, Deutsche Bank stated that after the recent market turmoil, the Federal Reserve is unlikely to endorse the expectation that it may cut interest rates more aggressively than previously anticipated at the upcoming Jackson Hole seminar, which could boost the dollar.

Currency analyst Antje Praefcke mentioned in the report that unless the CPI inflation data on August 14 exceeds expectations, or if there is a large-scale panic in the market again, Federal Reserve officials may try to remain calm at the seminar on August 22-24 and wait for the next labor market report in September, "which would mean that the current expectations for interest rate cuts may have to be revised, and the dollar could rise a bit more." (Jin Shi)