Dutch International: The resilience of the dollar remains, but it faces downside risks

ChainCatcher news, according to Jinshi reports, ING analyst Francesco Pesole stated that the US dollar remains resilient but faces downside risks. Weekend news indicated that there has been little progress on the US government shutdown issue, which means the release of official economic data will be further delayed. Investors will closely monitor the upcoming release of the Federal Reserve's meeting minutes this week to assess whether Fed Chair Powell's cautious stance on further rate cuts is shared by the majority of committee members. ING noted that the risks seem slightly tilted towards dovish, which could trigger a negative reaction in the US dollar.