Dutch international analyst Francesco Pesole said in a report that the market needs to expect the Fed to cut interest rates further before the dollar weakens. Without this, the US dollar is more likely to strengthen in the short term. The US money market is likely to start showing expectations of unchanged interest rates in November or December. The dollar is also likely to appreciate due to uncertainties before the US presidential election.

Dutch international analyst Francesco Pesole said in a report that the market needs to expect the Fed to cut interest rates further before the dollar weakens. Without this, the US dollar is more likely to strengthen in the short term. The US money market is likely to start showing expectations of unchanged interest rates in November or December. The dollar is also likely to appreciate due to uncertainties before the US presidential election.