Analyst: The US dollar is expected to achieve a third consecutive week of gains
According to ChainCatcher, citing Jinse Finance, the US dollar is set to achieve its third consecutive week of gains on Friday. Previously released US economic data performed well, reducing market expectations for a near-term interest rate cut by the Federal Reserve. The federal funds futures market has postponed expectations for the next rate cut to June, due to improved employment data and central bank policymakers expressing concerns about inflation. Kyle Rodda, an analyst at a capital firm, noted in a report that the US dollar remains resilient, with weekly initial jobless claims and manufacturing survey results both exceeding expectations, thereby lowering the probability of a rate cut.
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