According to Jinshi, Saxo Bank said that if the weakness of the US economy expands, the US dollar may fall in the third quarter, but the decline should be limited. Saxo Bank foreign exchange strategist Chanana said in a report that the presidential election in November may prompt the Federal Reserve to signal a rate cut if there are signs of economic weakness. However, due to relatively high US Treasury yields and safe-haven demand, the pressure on the US dollar should ease. "The high yield of the US dollar remains a supporting factor, and unless the US economy faces a credit crisis, the rate cut cycle is expected to start slowly," Chanana said. She predicted that the demand for safe-haven US dollars should continue before the US election.
