Institution: If the Fed's expectations of a rate cut in July increase, the dollar may fall

Odaily News Derek Halpenny of MUFG said in a report that the dollar could fall if the market increases its bets on a July rate cut by the Federal Reserve. LSEG data shows that the market expects the probability of a July rate cut to be about 21%. "It won't take much time for the market's pricing of the Fed's easing policy to shift more convincingly to pricing in a July rate cut." He said that a weaker-than-expected non-farm payrolls report next Thursday and possibly lower inflation data on July 15 could both trigger this trend. (Jinshi)