Dollar's Strength Persists Despite Recent Weakness, Says Analyst

According to Odaily, Pepperstone's Senior Research Strategist Michael Brown stated in a report that the dollar weakened during European trading, but its strong performance is not over. Brown expressed confidence in the dollar's bullish outlook, emphasizing the continued strength of the 'American exceptionalism' narrative. He noted that compared to other major central banks, the likelihood of the Federal Reserve cutting interest rates is lower, which should continue to support the dollar. The current period of weakness presents investors with an opportunity to buy the dollar.