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

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Jinse Finance reports that on June 26, BCA Research foreign exchange strategist Artem Sakhbiev stated in a report that the recent rebound of the U.S. dollar seems somewhat excessive and lacks the support needed to break out of its trading range over the past year. At last week's meeting, the Federal Reserve revised its interest rate forecasts upward and clearly focused on inflation. This led to a sharp rise in inflation-adjusted real yields and alleviated concerns about political pressure for rate cuts, thereby boosting the U.S. dollar. However, this trend now appears to have largely ended. The Federal Reserve may keep interest rates unchanged, and the yield spread between short-term and long-term bonds could widen.
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