The Fed has not yet cut interest rates, but the dollar has shown signs of weakness, with the exchange rate plummeting to 7.16 against the RMB, compared to a high of 7.27 the day before. The market predicts that a rate cut will be coming in September, and the dollar was sold off at the beginning of August. The Fed's interest rate cut is highly expected, and the media is fueling the flames; Trump's chances of winning are increasing, and his advocacy of dollar devaluation and expectations of loose policies have further aggravated the market's risk aversion, and the dollar is under downward pressure.

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