Bank of America Analyst: US Dollar May Remain Strong in the Short Term, Fed May Halt Rate Cuts in the Foreseeable Future

BlockBeats News, January 23rd, an analyst at Bank of America said in a report that the US dollar is likely to remain at a high level in the first half of the year and then gradually decline from its historically high valuation. They stated that US President Donald Trump's trade tariff policy still suggests the dollar's strength in the short term. They mentioned that due to concerns about the sustainability of US inflation, the Fed is likely to stop cutting interest rates in the foreseeable future. (FX168)