Deutsche Bank: The dollar is likely to weaken due to delayed data that may affect interest rate cut expectations

According to Jin Ten, Thu Lan Nguyen from Commerzbank stated in a report that if the delayed data supports further rate cuts, the potential end of the U.S. government shutdown may be unfavorable for the dollar. She pointed out that the dollar has recently risen due to the absence of official data during the shutdown, which supports the view that the Federal Reserve should pause further rate cuts. Nguyen believes that the recent decline in rate cut expectations is unreasonable and sees it more as another argument for a weaker dollar.