Commerzbank: Dollar will rise if Fed rate cut expectations fade

Commerzbank said that after the recent market turmoil, the Federal Reserve is unlikely to endorse expectations that it may cut interest rates more aggressively than previously expected at the upcoming Jackson Hole Symposium, which could boost the dollar. Unless the CPI inflation data on August 14 is higher than expected, or there is another large-scale panic in the market, Federal Reserve officials may try to be calm at the August 22-24 seminar and wait for the next labor market report in September, "which will mean that the current expectations of rate cuts may have to be revised, and the dollar may rise a little more." (Jinshi)