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DBS Bank: Federal Reserve to Send Clear Signal that Rate Cut is Coming
Jinshi Data News on July 31, investors bet that the Fed will lay the foundation for the upcoming rate cut in tonight’s meeting, and the dollar therefore fell. Analysts at Yu Xin Bank’s research department said in a report that the Fed may keep the Interest Rate unchanged, but will send a clear signal that the Fed is getting closer to a rate cut, which may happen as early as September. They said that the euro against the dollar EUR/USD may stay above 1.08, while the pound against the dollar GBP/USD may pump further above 1.28.