According to PANews, Barclays foreign exchange strategist Skylar Montgomery Koning has indicated that the dollar is poised for a rebound as traders have overestimated the extent of the Federal Reserve's rate cuts and underestimated the retail sales data set to be released on Tuesday. Koning predicts that stronger-than-expected retail sales will shift market bets towards smaller rate cuts, thereby boosting the dollar. With only two days remaining until the Federal Reserve's rate decision, trader uncertainty is at its highest level since 2007. This consumer report is one of the last pieces of information before the rate announcement.Barclays anticipates that the Federal Reserve will implement three 25-basis-point rate cuts this year, citing the continued strength of the U.S. economy. Montgomery Koning noted that the market tends to overreact to rate cut expectations. She stated, 'During those soft landing periods, if you look at historical data, the market always overestimates the extent of the Federal Reserve's rate cuts. When expectations shift, the dollar tends to rebound.'