Institution: It is expected that the US dollar will weaken against most G10 currencies. Politics will play an important role in the second half of the year.

On June 26, Jinshi data, Ebury's market strategy director Matthew Ryan said in a report that Ebury continues to believe that the exchange rate of the US dollar against G10 currencies (excluding the Swiss franc) will moderately fall. He said, 'This view is mainly based on our assumption that the upside space of the US economy is far less than its peers, and the repricing of the Fed's interest rates ensures that the current FOMC is more dovish than the market pricing.' Ebury expects politics to play a significant role in foreign exchange trading in the second half of the year, and the November US presidential election is particularly likely to bring the greatest risk to Ebury's foreign exchange forecasts.