International Netherlands: Limited potential for the US dollar to rise

Jin10 data reported on June 16, Dutch international analyst Francesco Pesole stated that the Federal Reserve may take a cautious stance on interest rate cuts at Wednesday’s meeting, but this may not provide much support for the dollar. In a report, he mentioned that the Federal Reserve might use the rise in oil prices caused by the Israel-Iran conflict as a reason to resist Trump’s calls for interest rate cuts. However, after the attacks between Israel and Iran began, the dollar failed to maintain its initial upward momentum, which is a symptom of the market’s distrust of the dollar. He noted that even events favorable to the dollar, such as rising oil prices, coupled with geopolitical tensions, are unable to prevent shorters from shorting the dollar when it attempts to recover.