Institution: If the Fed's expectations of a rate cut in July increase, the dollar may fall

Odaily Planet Daily News: Derek Halpenny of Mitsubishi UFJ said in a report that the dollar could fall if the market increases its bets on the Fed's July rate cut. LSEG data shows that the market expects the probability of a rate cut in July to be about 21%. "It won't take much time for the market's pricing of the Fed's easing policy to shift more convincingly to pricing in a July rate cut." He said that a weaker-than-expected non-farm payrolls report next Thursday and possibly lower inflation data on July 15 could both trigger this trend. (Jinshi)