On October 18th, Jinshi Data reported that Claudio Wewel, a sustainable asset management strategist at J. Safra Sarasin, said that the US dollar had strengthened significantly in the first half of October. The strength of the US dollar largely reflects the recent stronger-than-expected US economic data, sparking a significant revision in market expectations for a US rate cut. Investors are also buying the US dollar before the US presidential election because the election results appear uncertain.
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Institutions: The dollar is the biggest winner in the forex market this month
On October 18th, Jinshi Data reported that Claudio Wewel, a sustainable asset management strategist at J. Safra Sarasin, said that the US dollar had strengthened significantly in the first half of October. The strength of the US dollar largely reflects the recent stronger-than-expected US economic data, sparking a significant revision in market expectations for a US rate cut. Investors are also buying the US dollar before the US presidential election because the election results appear uncertain.