Analysts: The Fed's rate cuts may exceed current market pricing, and the dollar will face further declines this year.

According to a report by Odaily Odaily, analysts at Mitsubishi UFJ Bank pointed out that the US dollar will face further declines this year because the Federal Reserve's interest rate cuts may exceed current market pricing. Federal Reserve Chairman Jerome Powell has stated that monthly job growth since April may have been overestimated by 60,000. Analysts say that based on this, the US is actually losing jobs, and with the monetary stance remaining tight, "seeing an improvement would be very rare." They also stated that concerns about the Fed's independence have become a theme under political pressure to cut interest rates. Mitsubishi UFJ Bank predicts that the euro will rise to 1.24 against the dollar by the fourth quarter of 2026, up from the current 1.1690. (Jinshi)