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2025-10-30 18:32:41
[Is the Dollar Rebound Just a Dead Cat Jump? MUFG Bets Another December Rate Cut] ⑴ Lee Hardman of MUFG Bank points out that Powell's post-meeting remarks dampened expectations of further rate cuts, causing the dollar to briefly surge to 99.356 before quickly retreating, indicating a fragile rebound. ⑵ The bank remains confident of a further 25 basis point cut in December, provided the labor market remains weak by the end of the year and the government shutdown ends, allowing the Fed to see the true state of the economy. ⑶ If the data supports this, the dollar index may turn downwards again from 99.181, making the bullish trend unsustainable.
