According to ChainCatcher news and reports from Jin10, the US dollar index DXY fell by about 2% in August, partially erasing the gains from July. This marks the first month of rise for the dollar since President Trump took office. Wall Street expects that as signs of economic slowdown emerge, the Fed may cut interest rates again, potentially extending the dollar's decline of over 8% so far this year. Jayati Baladwaj, head of forex strategy at TD Securities, stated that recent actions by the US government will have a long-term impact on the dollar's safe-haven status, and risk premiums may begin to suppress the dollar.
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The US dollar index fell by about 2% in August and may continue to be weak in the future.
According to ChainCatcher news and reports from Jin10, the US dollar index DXY fell by about 2% in August, partially erasing the gains from July. This marks the first month of rise for the dollar since President Trump took office. Wall Street expects that as signs of economic slowdown emerge, the Fed may cut interest rates again, potentially extending the dollar's decline of over 8% so far this year. Jayati Baladwaj, head of forex strategy at TD Securities, stated that recent actions by the US government will have a long-term impact on the dollar's safe-haven status, and risk premiums may begin to suppress the dollar.