Expectations of constant weakness with federal independence controversy

A Reuters poll showed that the US dollar may continue to decline in the coming months, amid market anticipation of the number of interest reductions that may be approved by the Federal Reserve, and the controversy over its independence in the face of the pressure of the White House.

The poll indicated that about 80% of investors expect that the sales centers on the dollar will continue until the end of September, with weightings that the euro will gradually rise to $ 1.20 in a year, which is the highest expected level since 2021.
These expectations come in light of a fog caused by customs tariffs, a huge tax reduction, and repeated interventions from US President Donald Trump to pressure the Federal President Jerome Powell to accelerate the pace of interest reduction, leading to his demand to reduce it to 1% and his attempt to dismiss members of the council.
Forex experts believe that the return of the dollar to the rise remains possible if strong inflation data is issued by the United States, but the general trend remains towards the weakness of the green currency until the end of the year.
(CNN)