The dollar weakens amid speculation regarding Fed rate cuts and concerns over data

According to BlockBeats, the dollar continued its decline as expectations for a Federal Reserve interest rate cut in September grew, along with rising concerns about the reliability of U.S. economic data.

Analysts at Goldman Sachs noted that U.S. President Donald Trump's decision to replace the head of the Bureau of Labor Statistics could undermine confidence in the creditworthiness of U.S. policy. This move may prompt investors to reassess their risk-averse strategies. The bank expects further weakening of the dollar, particularly against the yen.