Dutch International Bank strategist Chris Turner voices a significant opinion: The tariff-driven wave of inflation may become a key catalyst for the dollar's rebound!
Turner pointed out that as trade tariffs have continued to drive up the Consumer Price Index since August, the Federal Reserve's rate-cutting process has been forced to hit the 'pause' button, which will inject a boost into the dollar that has been weakening throughout this year, initiating a months-long upward cycle. The market anticipates that the euro-to-dollar exchange rate will be under short-term pressure, falling back to the 1.13-1.15 range; the yen-to-dollar exchange rate is also expected to drop to the 145-150 level, with both major currencies likely to see a decline of about 4% against the dollar.
"The Federal Reserve is very likely to keep interest rates unchanged before December," Turner analyzed, "and it is only at the end of the year that the dollar may experience a slight correction." This prediction points global foreign exchange market investors toward the trading direction for the coming months, and the dollar's periodic strength is worth close attention! $BTC