The Federal Reserve is about to cut interest rates, Invesco is "extremely bearish" on the dollar
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In the context of the Federal Reserve's impending interest rate cuts, Invesco recommends "maximizing the reduction" of the US dollar, believing that the dollar will face greater pressure. Senior portfolio manager Alessio de Longis pointed out that the narrowing yield differential and positive economic data outside the United States are reasons for a bearish outlook on the dollar. The market expects the Federal Reserve to cut rates by 25 basis points, with traders anticipating a total cut of nearly 70 basis points by the end of the year. Since Trump announced tariffs, the Bloomberg Dollar Spot Index has fallen by more than 5%
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