Reported about 10 hours ago
The U.S. dollar has remained stable after a significant drop earlier this year, but analysts suggest that the bearish trend may continue due to ongoing concerns such as fiscal and trade deficits, potential Federal Reserve rate cuts, and global investor reallocation. Despite a brief pause in selling, investor sentiment leans towards further dollar depreciation, with expectations that any foreign reduction in U.S. asset exposure could exacerbate the dollar's decline. While some see a potential for support in the currency, many believe it is still overvalued compared to other currencies.
Source: YAHOO