Binance News
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The dollar is expected to rise as tariffs push up inflation and the Fed delays rate cuts
According to Jinshi Data, Chris Turner, a strategist at ING Bank, said that the dollar will see a few months of gains after tariffs pushed up inflation and forced the Federal Reserve to postpone interest rate cuts. Turner expects that trade tariffs will stimulate accelerated consumer price increases from August, restricting the Federal Reserve's interest rate cuts.
He expects the euro to fall back to the 1.13-1.15 range against the dollar for a short time, and the yen to fall to 145-150 against the dollar. This means that both the euro and the yen will fall by about 4%. Turner believes that the Federal Reserve may keep interest rates unchanged until December, when the dollar may see a small adjustment.
He expects the euro to fall back to the 1.13-1.15 range against the dollar for a short time, and the yen to fall to 145-150 against the dollar. This means that both the euro and the yen will fall by about 4%. Turner believes that the Federal Reserve may keep interest rates unchanged until December, when the dollar may see a small adjustment.
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