Strategist: The recent appreciation of the US dollar seems to be nearing its end.

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ME News, June 26 (UTC+8), BCA Research foreign exchange strategist Artem Sakhbiev said in a report that the recent rebound of the US dollar appears somewhat excessive and lacks the support needed to break out of the trading range seen over the past year. The Federal Reserve revised its interest rate forecasts upward at last week's meeting and clearly focused on inflation. This led to a significant increase in inflation-adjusted real yields and alleviated concerns about political pressure to cut rates, thereby boosting the US dollar. However, this move now appears to be largely over. The Federal Reserve may keep interest rates unchanged, and short-term and long-term yield spreads could widen. (Source: Jin Shi)
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