Group 1 - The US dollar is facing its most severe annual decline in eight years, with a year-to-date drop of 8.1% in the dollar index, primarily due to expectations of significant interest rate cuts by the next Federal Reserve chair [2][4] - The market has priced in at least two rate cuts in the coming year, which has diminished the dollar's attractiveness compared to other developed countries [2] - The focus is on the Federal Reserve and the potential successor to Chair Powell, with candidates like Hassett and Walsh being considered, which could influence future dollar performance [4] Group 2 - The euro has surged against the dollar due to mild inflation and anticipated defense spending in Europe, leading to negligible expectations for rate cuts [3] - In contrast, rate traders in Canada, Sweden, and Australia are betting on interest rate hikes, indicating a divergence in monetary policy expectations [3] - Market sentiment has shifted back to a more pessimistic view on the dollar, as evidenced by recent CFTC data showing a return to bearish positions [3]
美元遭遇8年来最惨一年！华尔街正紧盯美联储换帅
Jin Shi Shu Ju·2025-12-31 12:59