Rabobank forex strategist Jane Foley said there may be limited room for the dollar to fall further in the short term. Expectations of US interest rate cuts have been fully priced by the market; currently, the market itself is betting on the weakening of the US dollar. Earlier this year, part of the reason why the US dollar weakened was that a large number of non-US asset managers carried out safe-haven operations to hedge against the risk of the dollar falling. If these adjustments have largely been completed, then one of the major downside pressures facing the US dollar will also lessen. Therefore, the subsequent decline in the US dollar should slow down, and there is room for a rebound in the next few months.

Rabobank forex strategist Jane Foley said there may be limited room for the dollar to fall further in the short term. Expectations of US interest rate cuts have been fully priced by the market; currently, the market itself is betting on the weakening of the US dollar. Earlier this year, part of the reason why the US dollar weakened was that a large number of non-US asset managers carried out safe-haven operations to hedge against the risk of the dollar falling. If these adjustments have largely been completed, then one of the major downside pressures facing the US dollar will also lessen. Therefore, the subsequent decline in the US dollar should slow down, and there is room for a rebound in the next few months.