According to Jinshi data reports, due to the uncertainty of U.S. trade and fiscal policies, the dollar has fallen to its lowest level since February 2022. The suspended reciprocal tariffs by Trump will end on July 9, and the U.S. Senate is voting on tax and spending bills.
Before the release of key employment market data this week, investors have become more cautious, including Tuesday's JOLTs job openings data and Thursday's non-farm payroll report. Analysts at Deutsche Bank stated that if the data is significantly below expectations, the likelihood of a Federal Reserve rate cut in July may increase, and the dollar may weaken further.