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The US dollar index fell by about 2% in August and may continue to be weak in the future.
According to ChainCatcher news and Jin10 reports, the US Dollar Index DXY fell by about 2% in August, partially erasing the gains made in July. This marks the first single-month rise in the dollar since President Trump took office. Wall Street expects that as signs of economic slowdown emerge, the Fed may cut interest rates again, and the dollar may continue its decline of over 8% this year. Jayati Baladwa, head of forex strategy at TD Securities, stated that recent actions by the US government will have a long-term impact on the dollar's safe-haven status, and the risk premium may begin to weigh on the dollar.
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