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The strategist expects the dollar to fall, anticipating three rate cuts by the Fed within the year.
[Bitu] According to reports, Lombard Odier strategists expect the US dollar to weaken further, adjusting their view from neutral to negative. Although US inflation has risen slightly, corporate hiring and layoff activities are not significant, and market consensus is gradually approaching the Fed's expectation of three rate cuts within the year. Strategists state that lower US interest rates will weaken the yield advantage of the dollar, and the decrease in hedging costs is also undermining demand for the dollar.