The US dollar faces further downward pressure and could decline by another 3%

ChainCatcher news reports that according to Jinjishi, ING analyst Chris Turner pointed out that the dollar sell-off trend may intensify. If the US dollar index effectively breaks below last year’s low near 96.2, the dollar could decline by another 3%. He emphasized that monitoring the dollar’s performance ahead of the Federal Reserve meeting is crucial; if the Fed shifts to a pause in rate cuts, it could provide some support for the dollar. Meanwhile, earnings reports from Meta, Microsoft, and Tesla are also in focus, and any results below expectations could become another bearish factor for the dollar.