Analysts: Dollar has little room to fall further

Odaily Odaily report: According to a report by Monex Europe analysts, given the Federal Reserve's cautious rate cut expectations, the US dollar has little room to continue its recent decline. Swap rates reflect 1.5 rate cuts this year, but considering sticky inflation, the Federal Reserve's rate cut may be smaller. A significant depreciation of the US dollar requires "a fundamental reassessment of the uniqueness of US economic growth or the emergence of a perfect anti-inflation phenomenon", but neither of these scenarios is likely to occur in the near term. However, the possibility of a significant rebound in the US dollar this week is also not high. The minutes of the Federal Reserve meeting released on Wednesday may appear somewhat outdated, so the fate of the US dollar will depend more on the inscrutable Trump. (Gold Ten)