Analyst: Dollar Direction Depends on Future Data Strength or Weakness
Prefer us on GoogleBlockBeats News, November 14, the latest comments from Federal Reserve policymakers point to a cautious attitude towards further interest rate cuts, Naga's analyst Frank Walbaum said in a report that market expectations for the Fed to cut rates next month have been significantly reduced, with the market now pricing the probability at just below 50%. This may provide some support for the dollar and yields; however, he said investors still expect additional easing in 2026.
As for the currency, Walbaum said that the policymakers' cautious tone and the upcoming release of a large amount of official U.S. data could pose a risk of decline for the dollar, with its direction potentially depending on the strength or weakness of the data. (FXStreet)
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