Affected by the uncertainty of U.S. policies, the dollar has expanded its fall.

On July 1, due to the uncertainty of U.S. trade and fiscal policies, the dollar fell to its lowest level since February 2022. The reciprocal tariffs suspended by U.S. President Trump will end on July 9. Meanwhile, the U.S. Senate is conducting a marathon voting session on Trump’s tax and spending bill. Before the release of key employment market data in the U.S. this week, investors have become more cautious. This data includes the JOLTs job openings data to be released on Tuesday and the non-farm payroll report to be released on Thursday. Deutsche Bank analyst Volkmar Baur stated in a report that data far below expectations would increase the likelihood of the Federal Reserve (FED) cutting interest rates in July and could further weaken the dollar. (Jin10)