Deutsche Bank: Limited Potential for Dollar Rebound Amid Rate Cut Expectations and Trump Pressure

ChainCatcher news, according to Jinshi reports, Michael Pfister from Deutsche Bank's research department stated that the dollar may rise in the short term, but the increase may be limited. The recent weakness of the dollar may be somewhat excessive, allowing for a slight rebound. However, the prospect of the Federal Reserve cutting interest rates should suppress any rebound of the dollar.

In addition, Trump's calls for interest rate cuts and his criticism of the independence of the Federal Reserve will also hinder recovery. Deutsche Bank expects the Federal Reserve to cut rates in September. Therefore, he believes that the current recovery phase of the dollar is unlikely to last long.