美元将保持疲软，可能出现一些盘整

Core Viewpoint - The US dollar is expected to remain weak over the next 12 months, with limited potential for a significant recovery [1] Group 1: Economic Outlook - Lombard Odier strategists predict a softening of the dollar due to a slowdown in US economic growth and unexpected growth in other regions by 2026 [1] - Investors are gradually shifting from US assets to European and Japanese assets, contributing to downward pressure on the dollar [1] Group 2: Currency Valuation - The fair value estimate for the euro/USD exchange rate is around 1.15, but a broader range of 1.15-1.20 is suggested due to higher forex volatility and geopolitical uncertainties [1]