Cautious interest rate cuts are expected to compress the downward space of the US dollar, and swap rates reflect 1.5 interest rate cuts this year

According to BlockBeats, on February 17th, Monex Europe analysts stated in a report that given expectations of cautious interest rate cuts by the Federal Reserve, there is little room for the US dollar to continue its recent decline. The swap rate reflects 1.5 interest rate cuts this year, but considering sticky inflation, the Federal Reserve's rate cuts may be smaller. The significant depreciation of the US dollar requires a fundamental reassessment of the uniqueness of US economic growth or the emergence of a perfect anti inflation phenomenon, but neither of these scenarios is likely to happen in the near future. However, the possibility of a significant rebound in the US dollar this week is also unlikely. The minutes of the Federal Reserve meeting released on Wednesday may appear somewhat outdated, so the fate of the US dollar will depend more on the unpredictable Trump. (Golden Ten)