The US Dollar continues to lose terrain against other major currencies, under pressure from a cocktail of circumstances.
These include: an expected interest rate cut from the Fed, which could arrive as early as July; lingering trade tensions between the US and China, which make it more likely that the Fed will cut rates; geopolitical tension in the Middle-East, potentially a threat to trade and the growth of the global economy and therefore another incentive to the Federal Reserve to initiate a new cycle of monetary easing.
Photo by Adam Jaime.
