The dollar is expected to weaken further, and strategists have downgraded their outlook to negative

ChainCatcher news, according to Jinshi reports, Lombard Odier strategists expect the dollar to weaken further and have downgraded their outlook from neutral to negative. Although U.S. inflation has risen slightly, corporate hiring and layoff activities are not significant, and market consensus is gradually aligning with expectations of three rate cuts by the Federal Reserve this year. Strategists indicate that lower U.S. interest rates will diminish the yield advantage of the dollar, and the decline in hedging costs is also weakening demand for the dollar.