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The US dollar is expected to remain weak, with potential for short-term consolidation.
According to the Gate News bot, as reported by Jin10, Lombard Odier strategists stated in their latest research report that the US dollar is expected to continue its weakness over the next year. Although there may be some consolidation in the short term, the possibility of a significant rebound is low.
Investors are gradually shifting from US assets to European and Japanese markets, which is putting downward pressure on the US dollar. The slowdown in US economic growth, coupled with the possibility of unexpected growth in other regions by 2026, may further weaken the dollar and drive up the euro against the dollar.
The institution believes that the fair valuation of the euro against the dollar is around 1.15. Considering the increased volatility in the foreign exchange market and heightened geopolitical uncertainties, a range of 1.15-1.20 is more prudent.