Société Générale: If the Federal Reserve remains on hold this year, the US dollar may stay within a range.

Odaily Planet Daily News: In a report, Kit Juckes, an analyst at Société Générale, said that if the Federal Reserve keeps interest rates unchanged for the rest of this year as expected, the U.S. dollar may see range-bound movements. He noted that the market expects all G10 central banks other than the Federal Reserve to raise rates. Even though, among G10 economies, only Sweden’s forecast growth rate this year is projected to outpace the United States. These rate expectations limit the extent to which the U.S. dollar can appreciate. And if the Federal Reserve were to cut rates significantly in a backdrop of high inflation and an accommodative fiscal policy, the U.S. dollar is likely to fall. (Jin Ten)

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