ChainCatcher news, according to Jinshi reports, Nomura's global forex strategy team stated in a research report that the US dollar may strengthen in 2025. The team noted that the main themes entering next year include the Federal Reserve potentially struggling to cut interest rates due to persistently high core inflation in the US; and the tariff policies of elected President Trump.

The team added that currencies that may perform poorly in the first half of 2025 could include the South Korean won, Thai baht, Singapore dollar, Swiss franc, and Swedish krona, while the Indonesian rupiah, yen, and Norwegian krone may perform slightly better.