Analyst: The dollar has lost its trump card

Odaily reports that financial website Forexlive analyst Justin Low: As the week draws to a close, Trump's attitude towards tariffs seems to have softened, putting pressure on the US dollar. The tailwind that the US dollar has enjoyed since last December has officially turned, and it seems to have the "Trump" card in the year-end game, but is this really the case? Trump's current attitude towards the US dollar is completely opposite to his first term, as this time he hopes the US dollar will weaken. The only realistic choice is to force the Federal Reserve to cut interest rates faster, he claims to "understand interest rates better than the Federal Reserve" and hopes for an "immediate" rate cut. However, this does not mean that the Federal Reserve will change its current policy stance, but Trump is likely to give it a push, if he only talks about tariffs but does not take action, this will help alleviate concerns about inflation. As concerns about tariffs ease, the focus will shift to inflation and labor market data to observe the development of the situation. (Jin Shi)