Barclays: Market overestimates the extent of the Fed rate cut + underestimates August retail sales data, the dollar is expected to rebound by 1%

Barclays foreign exchange strategist Skylar Montgomery Koning said that the market has overestimated the extent of the Fed's rate cut and underestimated the upcoming August retail sales data. She expects the dollar to rebound by 1%. She believes that retail sales data stronger than expected will prompt the market to adjust its rate cut expectations, potentially leading to a rise in the dollar. Despite the general expectation of a rate cut in the market, there is a divergence in expectations regarding the extent of the rate cut