BlockBeats News, August 4, the US dollar continued its decline from Friday, as market expectations for a Federal Reserve rate cut in September increased, and concerns about the reliability of US data intensified.
Goldman Sachs analysts pointed out that Trump's move to replace the Director of the Bureau of Labor Statistics (BLS) may undermine market confidence in the credibility of US policies, prompting investors to reassess their risk-averse strategies. The firm expects the dollar to weaken further, particularly against the yen. (Bloomberg)
