Core Viewpoint - The US dollar is expected to remain under pressure until the expiration of the "reciprocal tariffs" suspension period on July 9, due to concerns regarding the Federal Reserve's independence and credibility [1] Group 1: Currency Performance - The US dollar has fallen to multi-year lows against the euro and Swiss franc [1] - Market concerns about the Federal Reserve's future independence are undermining confidence in US monetary policy [1] Group 2: Economic Implications - The concerns regarding the Federal Reserve could pose risks to the outlook for US interest rates [1] - Statements from the Trump administration may further exacerbate pressure on the dollar leading up to the tariff suspension deadline [1]