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J.P. Morgan: Expects the Dollar to Weaken Due to Rate Cut Expectations
BlockBeats News, October 21st, JPMorgan Chase expects that as the market's confidence in the Federal Reserve's continued interest rate cuts strengthens, and as the U.S. economic growth aligns with that of other economies, the U.S. dollar will weaken. Reduced safe-haven demand and investor hedging behavior may further pressure the dollar.
The bank forecasts that by mid-2026, the Dollar Index (DXY) will fall to 91.00. Currently, the index is up 0.3%, trading at 98.893.
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