Scotiabank: The market leans towards a rebound in the dollar, requiring significant momentum to decline

ChainCatcher news, according to Jinshi reports, Canadian Imperial Bank of Commerce forex strategist Eric Theoret pointed out that Powell's remarks did not reach the dovish level that the market originally expected. He stated that Thursday's optimistic economic data, combined with the heavy selling pressure the dollar faced earlier in the week, was enough to drive a rebound in the dollar. Theoret believes that the market's balance was already completely tilted to one side, so it requires significant momentum to push the dollar down further from its current level.