Vanguard Group shifts to bullish on the US dollar due to market overbetting on Fed rate cuts
I'm PortAI, I can summarize articles.
Vanguard Group bought US dollars this week, believing that the market's bet on the Fed rate cut is excessive, and closed the short interest position in the US dollar established in July. The company expects the Fed's rate cut to be lower than market expectations, believing that economic data remains strong. Vanguard Group is slightly bullish on the US dollar, inclined to bet on the US dollar against the Swiss franc, and insists on being long on the British pound against the euro. Pimco's Chief Investment Officer also stated that market expectations for rate cuts may be overly optimistic
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments