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Dollar to stay strong as markets push back bets on Fed rate cut: Reuters poll

Foreign exchange strategists polled by Reuters said the dollar will remain strong in the coming months as financial markets continue to push back expectations for the timing and magnitude of the Fed's rate cuts. So far this year, the dollar against a basket of major currencies has strengthened by about 3.3%, a reversal of the short-lived downtrend at the end of 2023, with net long bets on the dollar reaching their highest point since September 2022, according to trader position data. The strong U.S. economy and continued inflation are forcing financial markets to reconsider their bets on when the Fed will cut interest rates for the first time.

Asian stocks set to rise as Powell reiterates rate cut: Market Roundup

(Bloomberg) -- Asian stocks welcomed a rally Thursday after Jerome Powell reiterated his view that the Federal Reserve may cut interest rates this year:A Million Simulations of the U.S. Economy:Debt Danger AheadTrump Matchmaker's Business Doesn't MatterApple Explores Home Robotics as Potential 'Next Big Thing' After Car WrecksHow Stock Markets Are Going to Evolve in Australia and U.S.
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