Analysis: If Powell Maintains a Cautious Tone, the Dollar May Strengthen Further

BlockBeats News, October 14th, Analyst Francesco Pesole from ING Bank stated that if Federal Reserve Chairman Powell continues to maintain a cautious stance on interest rate cuts in his later speech, the US Dollar may strengthen further. Pesole pointed out that due to the US government shutdown causing the delay in the release of official employment data, Powell may stick to his previous cautious tone. "During this data vacuum period, this impact may still ferment in the market, and the US Dollar faces some upside risks." However, he added that once the data is released, if it shows a worsening employment situation, the US Dollar may instead weaken and hit a new interim low by the end of the year. (FXStreet)