机构：预计关税推高通胀之后美元有望暂获喘息

Core Viewpoint - The dollar is expected to strengthen over the next few months due to tariffs driving inflation and delaying interest rate cuts by the Federal Reserve [1] Group 1: Economic Impact - Tariffs are anticipated to accelerate consumer price increases starting in August, which will limit the Federal Reserve's ability to cut interest rates [1] - The strategist predicts that the euro to dollar exchange rate will temporarily fall to the range of 1.13-1.15, while the yen to dollar exchange rate will decline to 145-150, indicating a drop of approximately 4% for both currencies [1] Group 2: Federal Reserve Outlook - The Federal Reserve is expected to maintain interest rates until December, with a potential slight adjustment for the dollar at that time [1]