Switzerland's Baocheng: The US dollar may continue to decline

Swiss economist David A. Meier of Credit Suisse stated in a research report that due to unstable policy-making and increasing financial pressure, the US dollar may continue its downward trend. Since reaching a high point in September 2022, the US dollar has depreciated by about 15%, and recent decisions in the US have further challenged the value of the dollar, extending the bear market. He also mentioned that it is still uncertain whether the safe-haven properties of the US dollar are being challenged, as the dollar tends to weaken when the US is the source of risk aversion. Although the possibility of more bad news causing volatility remains high, if unstable policy-making eases, it would restore people's trust in the US dollar and create a positive risk scenario.