UBS: Markets are betting too much on the Fed to cut rates
According to Odaily, Ipek Ozkardeskaya, a Swiss bank analyst, said that the current decline in the US dollar should be limited, as the Federal Reserve is unlikely to cut interest rates as sharply as the market expects. The US dollar index has fallen to its lowest level in seven and a half months. She stated that the market's expectations for interest rate cuts by the Federal Reserve at the September meeting and for the rest of the year are still too high. "Therefore, the US dollar may rebound." She pointed out that the upside potential for the euro against the US dollar and the British pound against the US dollar should be limited.
