Analyst: Even if the Federal Reserve signals a rate cut, the decline of the US dollar may be limited

BlockBeats News: On June 18th, Mitsubishi UFJ analyst Derek Halpenny stated in a report that Federal Reserve Chairman Powell may signal future interest rate cuts at Wednesday's meeting, but any decline in the US dollar could be limited in the context of the conflict between Israel and Iran. He said that considering weaker than expected job market and inflation data, the overall tone of Powell's speech may be interpreted as "dovish", implying a rate cut. This may lead to a slight increase in expectations for interest rate cuts after September. However, until the prospects for the conflict between Israel and Iran become clearer, the willingness to sell dollars may temporarily weaken. (Golden Ten)