According to ChainCatcher, XTB analyst Hani Abuagla has highlighted concerns regarding the U.S. economy's third-quarter growth data. If the figures fall short of expectations, the dollar could face significant pressure. Signs of economic cooling might bolster expectations for further interest rate cuts by the Federal Reserve next year, potentially lowering yields and weakening the dollar further. The reduction in year-end liquidity and shifts in global monetary policy could intensify this sensitivity, particularly with the recent interest rate hike by the Bank of Japan possibly attracting capital inflows into the yen.
