Commerzbank analysts believe the coming weeks and perhaps months will be a difficult and challenging path for the US dollar, as the US Federal Reserve adjusts its monetary policy approach.
The bank explained that its expectations for a while included interest rate cuts in September and December, as the Fed and its Chairman, Jerome Powell, are trying to ease political pressure through gradual and moderate rate cuts.
In this context, Commerzbank experts were not greatly surprised by Powell's change in tone during the Jackson Hole conference, according to Antje Prafke, a currency analyst at the bank.
-255*160.webp)
