Danske Bank: The dollar may be pullback in the near future

On January 2, Jinshi data, Danske Bank strategist Mohamad Al-Saraf pointed out in a report that if the US economic outlook weakens, there is a risk of a pullback in the US dollar in the near term. He said the market may underestimate the prospect of a Fed rate cut, while a softening US economic rise could trigger a decline in the US dollar. This means that if the upcoming US economic data falls short of expectations, there is some potential for the euro to rise against the US dollar, although it may still maintain range-bound volatility.

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