According to Jinshi, Roberto Mialich, a foreign exchange strategist at UniCredit Bank Research, said that the US dollar should remain weak, but given that the market has already digested the expectation of a sharp interest rate cut by the Federal Reserve, there is limited room for the US dollar to fall further. It is expected that by July 2025, the Federal Reserve will cut interest rates by more than 200 basis points, while the European Central Bank and the Bank of England will cut interest rates by about 140-150 basis points, and the Swiss National Bank will cut interest rates by about 75 basis points.

"Such aggressive rate cut expectations make it difficult for the market to digest a larger rate cut from the Fed unless there is a recession in the United States," Mialich said. He also predicted that the euro-dollar exchange rate should fluctuate mainly between 1.09 and 1.12 in the coming months.