Institution: If the expectation of the Federal Reserve's interest rate cut in July rises, the US dollar may fall

Odaily Planet Daily News: Derek Halpenny of Mitsubishi UFJ said in a report that if the market increases its bet on the Fed's July interest rate cut, the US dollar may fall. LSEG data shows that the market expects a probability of a rate cut in July to be around 21%. The market's pricing for the Federal Reserve's loose policy will not need too much time to shift more convincingly towards pricing for the July rate cut. He said that the weaker than expected non farm payroll report next Thursday and possibly lower inflation data on July 15th could trigger this trend. (Golden Ten)