美元2026年开局疲软！多重风险因素恐令颓势加剧

Group 1 - The dollar is experiencing a weak start to 2026 after a decline against most currencies last year, with concerns over the U.S. fiscal deficit, global trade wars, and the independence of the Federal Reserve impacting its performance [1][3] - The euro and pound have shown significant gains, with the euro rising 13.5% and the pound increasing 7.7% in 2025, marking their largest annual increases since 2017 [1] - The dollar index, which measures the dollar against six major currencies, fell by 9.4% in 2025, the largest annual decline in eight years [3] Group 2 - The Japanese yen remains an exception, trading at 156.85 against the dollar, with a less than 1% increase in 2025, and hovering near a 10-month low [4] - Concerns over the independence of central banks are expected to persist into 2026, with upcoming changes in the Federal Reserve leadership potentially influencing interest rate predictions [4][5] - The Australian and New Zealand dollars have started the new year positively, with the Australian dollar rising 0.35% after a nearly 8% increase in 2025, and the New Zealand dollar slightly increasing after ending a three-year decline [5][6]