According to Jinshi, senior research strategist Michael Brown said that except for the Australian dollar and the Japanese yen, most major currencies remained in a relatively narrow range of fluctuations last week, and the US dollar index continued to remain strong in the range of 104-106.50. He predicted that the US dollar index may remain strong for some time to come, especially considering the prospect of the Federal Reserve's interest rate cut in September, and the continued easing of monetary policy and economic growth by other G10 countries.