The US dollar index fell by about 2% in August and may continue to weaken in the future

ChainCatcher news, according to Jinshi reports, the US Dollar Index DXY fell by about 2% in August, partially erasing the gains from July, marking the first monthly increase in the dollar since President Trump took office.

Wall Street expects that as signs of economic slowdown emerge, the Federal Reserve may cut interest rates again, and the dollar may continue its decline of over 8% so far this year. Jayati Baladwaj, head of foreign exchange 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 risk premiums may begin to weigh on the dollar.