CoinVoice has learned from Jinshi that analysts at Bank of Tokyo-Mitsubishi UFJ point out that due to the Federal Reserve's rate cuts potentially exceeding market expectations, the US dollar will face further decline this year. Federal Reserve Chair Powell stated that monthly job additions may have been overstated by 6,000 since April. Analysts note that the United States is actually losing employment, and with monetary policy still being restrictive, improvement would be extremely rare. Bank of Tokyo-Mitsubishi UFJ forecasts that by Q4 2026, the EUR/USD exchange rate will rise from the current 1.169 to 1.24.
CoinVoice has learned from Jinshi that analysts at Bank of Tokyo-Mitsubishi UFJ point out that due to the Federal Reserve's rate cuts potentially exceeding market expectations, the US dollar will face further decline this year. Federal Reserve Chair Powell stated that monthly job additions may have been overstated by 6,000 since April. Analysts note that the United States is actually losing employment, and with monetary policy still being restrictive, improvement would be extremely rare. Bank of Tokyo-Mitsubishi UFJ forecasts that by Q4 2026, the EUR/USD exchange rate will rise from the current 1.169 to 1.24.