Dowling Securities: It is unlikely that the US dollar's upward trend will continue.

In a report, the forex strategist at Tao Ming Securities stated that the recent upward momentum of the US dollar is expected to slow down. They mentioned that the DXY dollar index is approaching the resistance level of 102.000, and the upward trend seems to be weakening. They noted that the continuous appreciation of the US dollar may require a slowdown in economic growth outside the US, as well as a rate hike by the Federal Reserve that exceeds market expectations. "As global economic growth stabilizes, risk premiums diminish, and central banks around the world narrow the interest rate gap with the Fed's wait-and-see approach, the downward trend of the US dollar is expected to reappear later this year." The DXY dollar index fell by 0.2% to 101.232, after reaching a 13-month high of 101.800 on Wednesday.