Barclays: The dollar will rebound by 1% ahead of the Fed's decision
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Barclays foreign exchange strategist Skylar Montgomery Koning predicts that the US dollar will rebound by 1% before the Federal Reserve interest rate decision. The reason is that traders have overestimated the rate cut magnitude and underestimated the upcoming retail sales data. She believes that stronger-than-expected retail sales will prompt market adjustments, benefiting the US dollar as a result. The current market uncertainty about the Fed's rate cut has reached the highest level since 2007, with an expected rate cut of 25 basis points
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