Danske: The dollar is expected to rebound, and the Federal Reserve may abandon the rate cut in December

According to Jinshi News, the dollar exchange rate fell on Thursday as traders remained cautious about potentially weak data following the reopening of the U.S. government. The House of Representatives passed a temporary funding bill to end the government shutdown, which was signed into law by Trump, allowing for the resumption of official data releases. Kristoffer Kjaer, head of foreign exchange and interest rate strategy at Danske Bank, pointed out that there could be up to three employment reports and two inflation data releases before the Federal Reserve's rate decision in December, and the dollar is expected to rebound, prompting the Fed to abandon plans for a rate cut in December.