Strategist: The recent appreciation of the dollar is nearing its end, lacking support

According to Jinshi News, BCA Research foreign exchange strategist Artem Sakhbiev stated in a report that the recent rebound of the US dollar seems somewhat excessive and lacks the support needed to break through the trading range of the past year. The Federal Reserve raised its interest rate forecasts in last week's meeting, emphasizing inflation, which led to a significant increase in real yields adjusted for inflation, alleviating the pressure for rate cuts and boosting the dollar. However, this trend now appears to be largely over, and the Federal Reserve may keep interest rates unchanged, potentially widening the gap between short-term and long-term yields.