The dollar is under pressure

The US dollar exchange rate decreased in August after achieving its best monthly performance this year, at a time when investors are preparing to stagnate the American economy and reduce interest rates, despite the continued high inflation.

Wall Street expects that the dollar, as the global reserve currency, will continue its losses, bringing its decline to 8% this year with the emergence of signals on the slowdown in the economy and the willingness of the Federal Reserve to resume the interest rate reduction course. In the midst of this, Trump questions the credibility of the central bank and the accuracy of economic data, which weakens the attractiveness of the American currency more. (Bloomberg)