The US Dollar Is Expected to Weaken Further as Strategists Downgrade Outlook to Negative
According to a report by Jinse Finance, citing ChainCatcher and Jintou, strategists at Lombard Odier expect the US dollar to weaken further and have downgraded their outlook from neutral to negative. Although US inflation has risen slightly, there has been little activity in corporate hiring and layoffs, and market consensus is gradually aligning with expectations of three Fed rate cuts this year. The strategists noted that lower US interest rates will erode the yield advantage of the dollar, and declining hedging costs are also weakening demand for the greenback.
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