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Tariff uncertainty may lead to further decline in the dollar
According to a report by Jin Ten Data, the Ballinger Group stated that the uncertainty of tariffs may lead to a further decline in the dollar. The dollar has fallen to a three-year low against a basket of currencies and to a three-and-a-half-year low against the euro.
Later on Wednesday evening, Beijing time, Trump stated that the U.S. will send letters to various countries within two weeks detailing their tariff rates. The tariff drama will continue, and if the U.S. economy really starts to be affected, there is still significant downside potential for the dollar.
The prospect of the Federal Reserve increasing the pace of interest rate cuts may push the euro against the dollar up to 1.20.
Later on Wednesday evening, Beijing time, Trump stated that the U.S. will send letters to various countries within two weeks detailing their tariff rates. The tariff drama will continue, and if the U.S. economy really starts to be affected, there is still significant downside potential for the dollar.
The prospect of the Federal Reserve increasing the pace of interest rate cuts may push the euro against the dollar up to 1.20.
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