Eastern Asset Management has downgraded its stance on the dollar to "cautious," expecting the Federal Reserve to further cut interest rates

According to Jinshi News, analysts at Amundi stated in a report that the dollar is facing structural headwinds this year, and the Federal Reserve is expected to cut rates twice more this year.

Analysts slightly raised the growth forecast for 2026 from 1.9% to 2%, but the overall narrative remains one of growth below potential. Uncertainty regarding the next Federal Reserve chair persists, and considering President Trump's push for loose monetary policy, it is clear they will lean towards rate cuts.