Deutsche Bank: Rate cut expectations plus pressure from Trump limit potential for dollar rebound

Commerzbank Research's Michael Pfister said the dollar may rise in the short term, but the gains may be limited. The dollar's recent weakness may be a bit overdone at the moment, allowing for a slight rebound. However, the prospect of the Federal Reserve cutting interest rates should curb any dollar rebound. In addition, Trump's calls for rate cuts and attacks on the Fed's independence will also dampen the recovery. Commerzbank expects the Fed to cut rates in September. Therefore, he believes the dollar's current recovery phase is unlikely to last long. (Golden Ten) [Odaily Planet Daily News]