Deep Tide TechFlow News, August 20, according to Jin Shi Data reports, the US dollar has recently stabilized, but Lombard Odier strategists expect the dollar to weaken further and have downgraded their outlook from neutral to negative. US inflation has slightly increased, while companies are neither hiring on a large scale nor laying off employees, and market consensus is gradually aligning with the expectation of three rate cuts by the Federal Reserve this year.

Strategists Luca Bindelli and Patrick Kellenberger stated in their research report that lower US interest rates will weaken the yield advantage of the dollar. In addition, the decline in hedging costs brought about by lower US policy rates, as well as the less extreme positions of short-term investors, are also weakening demand for the dollar.