Reported 12 months ago
Public banks are optimistic about the performance of the US dollar in the second half of the year, especially in the third quarter, while also cautioning investors to pay attention to the Euro, Yen, and other non-US currencies if the US cuts interest rates in September. Major sources of volatility in the second half of the year include inflation, stagnant economic growth, elections in Europe and the US, geopolitical conflicts, housing market reforms in mainland China, Fed's interest rate cut timing, trade restrictions, and credit defaults. Banks suggest holding onto the US dollar in the third quarter due to various factors such as slow inflation rate decrease, strong economy, and expectations of only a slight interest rate cut by the Fed this year, making US dollar-denominated products more attractive compared to other major currencies.
Source: YAHOO