Jeffrey: The era of a strong dollar has peaked, the dollar may further soften
Due to ongoing concerns about the impact of Trump's tariffs on the US economy, the dollar has fallen. "People have questioned the credibility of American exceptionalism and the dollar as a reserve currency," said Jefferies economist Mohit Kumar in a report. He said that in the medium term, tariffs could reduce America's reliability and investors will look for other destinations. He stated that the era of a strong dollar has peaked and it may further soften. As central banks around the world seek to reduce their dependence on dollars, gold prices may benefit.
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