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2025-08-01 14:53:46
[The dollar stabilized after hitting a two-month high overnight, but it still faces risks] The US dollar stabilized against a basket of currencies, having risen to a two-month high overnight. Roberto Mialich of UniCredit Investment Institute said in a report that the reasons that have led to the weakness of the US dollar for most of this year remain in place and continue to pose risks. The global foreign exchange strategist said: "The factors behind the weakness of the US dollar so far remain in place, including US policies, pressure on the Federal Reserve to cut interest rates and pressure on Fed Chairman Powell to step down, as well as concerns about the US budget deficit and rising US debt." The DXY dollar index was last flat at 99.98, having earlier touched 100.145.
