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Swissquote Bank senior analyst: The dollar is strong and the impact of the Fed meeting is underestimated

Swissquote Bank senior analyst: The dollar is strong and the impact of the Fed meeting is underestimated

Bitget2024/05/08 08:22

According to Jinshi, Swissquote senior analyst Ipek Ozkadeksia pointed out in a report that the dollar strengthened because foreign exchange traders were unimpressed by the impact of last week's Federal Reserve meeting. At the Fed meeting, policymakers raised the threshold for interest rate hikes and reduced the possibility of rate cuts. She believes that the reaction to the news - the dollar fell and the stock market rose - "is definitely excessive." She further explained that the recovery of the dollar "makes sense in the context of different policy outlooks of the Federal Reserve and the European Central Bank."

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