I saw an interesting analysis circulating from Société Générale about what is happening to the dollar right now. Essentially, dollar devaluation seems to be the real theme at the center of Trump's strategy, who continues to push for lower rates and a weaker currency.

Here's where it gets interesting: despite solid American economic data, with growth holding steady and inflation prospects remaining in play, the dollar is not receiving the support one might expect. It's as if the market is already pricing in this narrative of dollar devaluation regardless of the numbers.

According to circulating analyses, if the geopolitical scenario with Iran remains stable without further escalation, we could see even greater pressure on the US currency. The euro could push up to 1.20 in the coming weeks, which wouldn't be so surprising considering the overall dynamics.

Basically, it seems the market is already acting based on this shift in direction. Dollar devaluation is no longer a theoretical possibility but something traders are already considering as a central scenario. It's worth keeping an eye on how currency pairs move in the coming days, especially if additional signals come from economic data or official statements.