Market Views: Will the US dollar rebound last?

The dollar strengthened following a surprise hawkish turn from the Feds in mid-June but this is likely to be short-lived against the backdrop of strong global growth, Renminbi (Rmb) appreciation, and the US’ rising deficits and debt-to-GDP ratio, experts said. Two weeks ago, the Federal Open Market Committee (FMOC) shocked markets by predicting two interest rate increases by end-2023, instead of 2024 as earlier predicted. The announcement triggered the currency’s largest two-day…