ChainCatcher news, Julius Baer economist David Meier said in a report that if expectations of a sharp interest rate cut in the United States weaken, the US dollar may rebound, but the gains will be limited.

He said: "We don't think the US dollar will return to its highs at the end of 2022, because overvaluation and low interest rates pose great resistance to its movement." It is expected that currencies such as the British pound, Australian dollar and New Zealand dollar may continue to strengthen against the US dollar because these countries may not cut interest rates as quickly as the United States. He said that the British pound and the New Zealand dollar in particular may have higher interest rates than the United States before the end of the year. (Jinshi)