German commercial bank analyst: Low risk of the US dollar falling after the FOMC meeting

According to a report by Jinshi, Antje Praefcke, a foreign exchange analyst at Deutsche Bank, stated that the risk of the US dollar falling after the FOMC meeting is quite low. It is unimaginable for unexpected dovishness, such as downward adjustments in the dot plot and Powell indicating a greater willingness to cut interest rates during the press conference. The Fed may emphasize its cautious stance and at least confirm market expectations that there will not be significant downside potential for the US dollar. The question today is how much further can the US dollar go. This will depend on whether the dot plot meets or exceeds market expectations and whether Powell's attitude towards rate cuts during the press conference is cautious or open.