Rabobank: dollar to strengthen on Fed’s slow rate cutting
Fears of slowdown in emerging markets and rate cuts by other G10 central banks will contribute to greenback’s strength
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The dollar will remain strong over the coming year as the Federal Reserve is unlikely to accelerate interest rate cuts until the middle of 2020, says Jane Foley, head of FX strategy at Rabobank.
While chairman Jerome Powell’s testimony on July 10 reaffirmed market expectations that the US central bank was set to cut rates at the Federal Open Market Committee meeting at the end of the month, despite a stronger-than
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