TD Securities: The US dollar could weaken even if the Federal Reserve does not cut interest rates

ChainCatcher news, according to Golden Ten Data, strategists at TD Securities stated in a report that even if the Federal Reserve no longer cuts interest rates in the future, the US dollar may still weaken this year. They pointed out that, with the US and Iran in a stalemate and oil prices remaining high, they no longer expect the Federal Reserve to cut interest rates in 2026, but anticipate rates will remain stable. The strategists emphasized that they still maintain the forecast path of US dollar decline in 2026 and believe that even if the Federal Reserve turns to raising rates in the future, the magnitude may be lower than other major central banks. It is expected that once the Strait of Hormuz reopens, the US dollar index will continue to break below the 98 mark.