Dollar Might Struggle to Extend Gains Much Further

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The dollar's ability to extend its gains is limited due to potential US-China tensions and a strengthening case for the Bank of England to cut interest rates, which could negatively impact sterling.

Market Context

Moderate, as the potential for US-China tensions and interest rate cuts in the UK could lead to market volatility and currency fluctuations.

المشاعر
Bearish
ثقة الذكاء الاصطناعي
70%

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0850 GMT – The dollar’s ability to extend this week’s gains looks limited, ING’s Francesco Pesole says in a note. U.S.-China tensions could also reignite dollar fragility after President Trump suggested his upcoming meeting with China’s President Xi Jinping might not happen. 0822 GMT – Sterling could extend its losses as Wednesday’s U.K. inflation data strengthen the case for the Bank of England to cut interest rates further by year-end, ING’s Francesco Pesole says in a note.

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ملخص

The dollar's ability to extend its gains is limited due to potential US-China tensions and a strengthening case for the Bank of England to cut interest rates, which could negatively impact sterling.

Market Context

Moderate, as the potential for US-China tensions and interest rate cuts in the UK could lead to market volatility and currency fluctuations.

المقال الأصلي منشور بواسطة Unknown في أكتوبر 22, 2025.
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