Group 1 - The Reserve Bank of India is expected to initiate a rate cut cycle, lowering the repo rate by 25 basis points to 5.25% in October, with a further reduction to 5.00% by the end of 2025 due to the impact of U.S. tariffs on economic growth [1][2] - Swiss inflation is showing a mild recovery, leading to no immediate need for action from the Swiss National Bank, which is likely to maintain policy flexibility for future economic data [1][2] - Barclays Bank forecasts that Thailand's economy will face significant headwinds in the latter half of 2025 and into 2026, with growth slowing due to weak export prospects, rising political uncertainty, and a sluggish tourism recovery [3] Group 2 - MFS Investment Research indicates that the U.S. dollar is under significant and persistent downward pressure, influenced by weak economic growth prospects and narrowing interest rate differentials with other major economies, while global asset diversification is becoming increasingly compelling [1] - Morgan Stanley warns that foreign investors may increase their currency hedging ratios for Japanese stocks, which could become an overlooked bearish factor for the yen, as the current hedging ratio is low at 10-20% [3] - Goldman Sachs suggests that the U.S. dollar is likely to weaken further in the coming months due to declining economic and market performance, although its global dominance will not be quickly replaced [4]