Trump's trade talks 'fizzle out,' the dollar may have its worst weekly performance since August.
The US dollar is heading for its largest weekly decline in three months.
Forex Today: US Dollar Slides Alongside Yields, Eyes on Eurozone Inflation
Trump's important personnel decision triggered a sharp drop in the US dollar this week! The dollar is facing its worst week since August.
FX168 Financial News Agency (Asia-Pacific) reported that Bloomberg in the usa stated on Friday (November 29) that due to investors beginning to reconsider the so-called 'Trump trade' that has pushed the dollar up since the usa elections, the dollar is heading towards its largest weekly drop in three months.
US Dollar Index Drops Below 106.00 as Treasury Yields Continue to Depreciate
Allianz Investment: Predicting the Fed to cut interest rates by 125 basis points from December to next year.
Chen Jiaying believes that the Federal Reserve has started a rate cut cycle in September this year, short-term interest rates will gradually decline. The Fed will cut rates by another 25 basis points in November, and is forecasting a total cut of 125 basis points from December to next year.
The US dollar is set to face its worst weekly performance since August.
Trump's social media posts have begun to disrupt the financial markets, causing the dollar's eight-week growth trend to come to a halt.