Danske Bank: There is room for a short-term rebound in the dollar, but it will remain weak in the long term

ChainCatcher news, according to Jinshi reports, Danske Bank analyst Mohamad Al-Saraf stated in a report that there is short-term rebound potential for the dollar, as the Federal Reserve is unlikely to cut rates as aggressively as the market expects. He pointed out that although the market currently anticipates consecutive rate cuts by the Federal Reserve in October and December, economic data supports a "gradual rate cut" strategy, and the Federal Reserve is expected to cut rates again in December. In the long term, Danske Bank expects the euro to dollar exchange rate to rise to 1.23 over the next 12 months.