Wall Street's major banks are all singing the same tune: under the influence of factors such as the Fed rate cut and Trump's policies, the US dollar still has room for further decline.
According to the Intelligent Financial News app, on Monday, as global trade tensions intensified, the US dollar fell against all currencies in the Group of Ten (G10). The Bloomberg US Dollar Index fell by 0.6%, nearing its lowest intraday level since 2023. At the same time, expectations from several Wall Street banks that the US dollar will further weaken are increasing. Reasons include the Federal Reserve's imminent rate cuts, slowing economic growth, and the impact of US President Trump's trade and tax policies.
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