On Wall Street, they predict that the dollar will reach levels not seen since the pandemic

The dollar weakened against all currencies of the Group of Ten on Monday, amid a resurgence of global trade tensions. Wall Street banks are reinforcing their forecasts that the dollar will weaken further, affected by interest rate cuts, the slowdown in economic growth, and the trade and fiscal policies of President Donald Trump. Morgan Stanley said that the dollar will fall to levels not seen since the covid-19 pandemic by mid-next year, while JPMorgan Chase & Co. remains pessimistic about the Goldman Sachs Group Inc. stated that Washington's efforts to explore alternative sources of revenue, in case tariffs are imposed, could be even more negative for the dollar. $BTC