Danske Bank: The US dollar is approaching a level at which investors may consider buying

Jinshi data on August 26th, Danske Bank analysts said that the dollar encountered dumping last week due to the signal of Fed Chairman Powell's imminent rate cut, and is now close to the level at which investors may consider buying. The dollar is unlikely to remain weak, as the Fed's pricing of a 100 basis point rate cut this year is too high. The bank's analysts said that although we recognize that the dollar may continue to weaken in the near future, especially as the Fed and the European Central Bank are about to cut interest rates, positive risk sentiment continues to exist, but we believe that the conditions for the dollar to continue to weaken have not yet fully materialized.