Group 1 - The US dollar ended 2025 with its largest annual decline in eight years, with expectations that further interest rate cuts by the next Federal Reserve chair could lead to continued depreciation of the dollar [1][2] - The dollar spot index has dropped approximately 8% in 2025, and traders anticipate further declines, influenced by the Federal Reserve's decisions and the upcoming leadership change [2] - The euro has significantly appreciated against the dollar over the past year due to mild inflation and reduced expectations for interest rate cuts by the European Central Bank [2] Group 2 - President Trump has indicated he has selected a more suitable candidate to replace Jerome Powell as Federal Reserve chair but has not rushed to announce this decision [3] - Kevin Hassett, the director of the White House National Economic Council, is viewed as a strong contender for the Fed chair position, along with Kevin Warsh and other potential candidates [3] - Market participants believe that if Hassett is appointed, it may already be priced in, while the appointment of Warsh or Waller could lead to a slower policy adjustment, which may be beneficial for the dollar [3]
2025年美元指数黯然收官，美联储主席动向将左右后市行情
Feng Huang Wang·2026-01-01 23:17