Institutions: The US Dollar May Remain Under Pressure Before the End of the Reciprocal Tariff Suspension Period

Odaily Planet Daily reported that the US dollar has fallen to multi-year lows against the euro and Swiss franc, as concerns over the future independence of the Federal Reserve have shaken confidence in the stability of US monetary policy. Nick Rees, Head of Macro Research at Monex Europe, stated that from a market perspective, this will not only clearly undermine the Fed’s credibility and independence, but also pose risks to the outlook for US interest rates. These concerns have put pressure on the dollar today. Before the expiration of the “reciprocal tariffs” suspension period on July 9, comments from the Trump team may further intensify pressure on the dollar. (Jin10)