【Mitsubishi UFJ: The US dollar is expected to strengthen in the first half of 2025】 According to a report by Golden Finance, Lee Hardman, a foreign exchange analyst at Mitsubishi UFJ Financial Group, stated that due to the potential rapid implementation of tariffs by the newly elected President Trump and the limited prospects for interest rate cuts by the Federal Reserve, the US dollar is expected to strengthen in the first half of 2025. More preemptive tariff increases have supported the bank's forecast for the US dollar to further strengthen in the first half of this year. In addition, the Federal Reserve sent a clear signal last December that they will be much more cautious in further interest rate cuts this year. In contrast, other major central banks are expected to continue cutting interest rates, and this divergence may further strengthen the US dollar in the short term.