Société Générale: The decline of the US dollar may be limited, signs of a recovery reversal are emerging

According to Jinshi News, Société Générale pointed out that the exchange rate of the US dollar against a basket of currencies has recently declined, but the drop is expected to be limited. After the dollar index reached its highest point in over nine months, the bullish positions on the dollar seem to have become excessive. The foreign exchange market is showing a reversal of the dollar's recovery; however, the rebound of the euro or pound against the dollar may not be lasting. The dollar typically benefits from rising energy prices and investors seeking safe-haven assets.