美元中长期走弱

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DLSM:美元反弹只是昙花一现?权力更替和政策裂痕正在撕开口子?
Sou Hu Cai Jing· 2025-08-05 09:53
Group 1 - The core message indicates that the US dollar is entering a phase of uncertainty, driven by recent events including disappointing employment data, sudden resignations within the Federal Reserve, and political interventions affecting economic data credibility [1][3][4] - The July non-farm payroll data showed a significant miss against expectations, with downward revisions for May and June, raising the urgency for potential interest rate cuts by the Federal Reserve [3] - The probability of a 25 basis point rate cut in September surged to 84%, with market participants pricing in two cuts for the year and a 40% chance of a third cut [3] Group 2 - The resignation of Federal Reserve Governor Kugler opens the door for potential political influence over monetary policy, threatening the independence of the Federal Reserve [3][4] - The dismissal of the Bureau of Labor Statistics director by President Trump, citing data manipulation, raises concerns about the credibility of official economic indicators [3][4] - The recent rebound of the dollar appears weak, as it is increasingly influenced by political actions rather than economic fundamentals, with the dollar's status as a safe haven being challenged [4]