ING Bank: Dollar could fall further if Powell hints at rate cut
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币界网报道：The dollar could fall further if Fed Chairman Jerome Powell hints at further rate cuts when he testifies to Congress at 10 p.m. tonight, ING analyst Francesco Pesole said in a note. He said the risk of Powell hinting at a rate cut has increased after Fed Governors Waller and Bowman supported a rate cut as early as July. The market is likely to view any change in Powell's cautious tone on rate cuts as a sign that Trump's pressure for rate cuts has "broken the shield of Fed independence." This could lead to a sharp depreciation of the dollar.
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