Investment Bank: Any rebound in the US dollar may be seen as an opportunity to short
Malayan Banking Berhad stated that we believe the Federal Reserve may only cut interest rates by 25 basis points in September, as there is a risk of stronger-than-expected non-farm payroll report in August. If the data exceeds expectations, it will reduce market expectations for rate cuts and further strengthen the US dollar. However, the entrenched belief that the Federal Reserve is entering an easing cycle limits the strength of the US dollar, and any rebound in the US dollar may be seen as an opportunity to short
On September 6th, Jinshi Data reported that Maybank stated that we believe the Fed may only cut interest rates by 25 basis points in September, as there is a risk of stronger-than-expected non-farm payroll report in August. If the data exceeds expectations, it will reduce market expectations of rate cuts and further strengthen the US dollar. However, as the idea of the Fed entering an easing cycle is already deeply rooted, this limits the strength of the US dollar, and any rebound in the US dollar may be seen as an opportunity to short