Strategist: There are many reasons for being pessimistic about the dollar, some of which are structural.

Gate News bot news, Singapore bank currency strategist Moh Siong Sim stated that there are many reasons for being pessimistic about the dollar. Some are structural, such as erratic trade policies and fiscal risks, which have previously led to a weakening of the dollar, despite its relative yield advantage. However, the more dovish risk from The Federal Reserve (FED) has weakened the dollar’s yield advantage, which is the latest reason for the dollar’s softening.

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