Analyst: The US dollar is expected to achieve its third consecutive week of gains

ChainCatcher news reports that the US dollar is expected to achieve its third consecutive week of gains on Friday. Previously, the economic data released by the United States performed well, reducing market expectations of a rate cut by the Federal Reserve in the short term. The federal funds futures market has pushed back the timing of the next rate cut to June, citing improved employment data and concerns among central bank policymakers about inflation. Capital firm analyst Kyle Rodda pointed out in a report that the dollar’s trend remains relatively strong, with weekly initial jobless claims and manufacturing survey results both exceeding expectations, decreasing the likelihood of a rate cut.