Mitsubishi UFJ: Late Fed rate cut could lead to weakening of US dollar

According to a report by Golden Finance, Mitsubishi UFJ analyst Derek Halpenni pointed out that the Federal Reserve may need to support the economy by cutting interest rates later this year, which could lead to a weakening of the US dollar. He stated that the Federal Reserve's pause in interest rate cuts may continue until the summer, and the market expects no further rate cuts before September. This means that the Federal Reserve may fall significantly behind other G10 central banks in restoring interest rates to neutral levels that neither stimulate nor hinder economic growth. This means that the Federal Reserve will need to take more easing measures at that time, which we believe will be a factor in suppressing the US dollar later this year. (Golden Ten)