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机构策略师:美元预计将进一步走软
Sou Hu Cai Jing·2025-08-20 06:28

Core Viewpoint - The recent stability of the US dollar is expected to shift towards further weakening, with Lombard Odier strategists downgrading their outlook from neutral to negative [1] Economic Indicators - US inflation has seen a slight increase, while companies are neither significantly hiring nor laying off employees, leading market consensus to align with the expectation of three interest rate cuts by the Federal Reserve this year [1] Interest Rate Impact - Lower US interest rates are anticipated to diminish the yield advantage of the dollar, contributing to its weakening [1] Hedging Costs and Investor Sentiment - The decline in US policy rates is expected to reduce hedging costs, while the positioning of short-term investors is no longer extreme, further decreasing demand for the dollar [1]