Dollar Weakens Amid Fed Rate Cut Speculation and Data Concerns
AI Summary
According to BlockBeats, the dollar continued its decline as expectations for a Federal Reserve rate cut in September increased, alongside growing concerns over the reliability of U.S. economic data.
Goldman Sachs analysts highlighted that U.S. President Donald Trump's decision to replace the head of the Bureau of Labor Statistics could undermine confidence in U.S. policy credibility. This move may lead investors to reassess their risk-averse strategies. The bank anticipates further weakening of the dollar, particularly against the yen.