Investment Bank: Any rebound in the US dollar may be seen as an opportunity to short
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Malayan Banking Berhad stated that we believe the Federal Reserve may only cut interest rates by 25 basis points in September, as there is a risk of stronger-than-expected non-farm payroll report in August. If the data exceeds expectations, it will reduce market expectations for rate cuts and further strengthen the US dollar. However, the entrenched belief that the Federal Reserve is entering an easing cycle limits the strength of the US dollar, and any rebound in the US dollar may be seen as an opportunity to short
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