Jefferies: The era of a strong dollar has peaked, and the dollar may weaken further

Odaily News The dollar fell on continued concerns about the impact of Trump's tariffs on the U.S. economy. "Questions have been raised about American exceptionalism and the credibility of the dollar as a reserve currency," Jefferies economist Mohit Kumar said in a report. He said that in the medium term, tariffs may reduce the reliability of the United States and investors will look for other destinations. He said that the era of a strong dollar has peaked and the dollar may weaken further. As central banks seek to reduce their reliance on the dollar, gold prices may benefit. (Jinshi)