USD Recent Rally Near End, Lacks Support to Break Year-Long Range: BCA Research

According to BCA Research strategist Artem Sakhbiev on June 26, the U.S. dollar's recent rebound appears overdone and lacks the support needed to break through its past-year trading range. The Federal Reserve's rate guidance revisions last week and focus on inflation drove real yields higher, supporting the dollar, but this momentum is now exhausted. The Fed is likely to maintain rates unchanged, and yield curve dynamics may shift, suggesting the dollar's near-term strength is approaching its limit.
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