According to Jinshi Data, Capital Economics said that the US dollar may fall further in the coming years as its valuation remains relatively high and faces the impact of unfavorable interest rate differentials and reduced safe-haven demand.

Economist Shivaan Tandon said in a report that the Federal Reserve is likely to cut interest rates more than other countries, which means the interest rate differential may continue to be unfavorable to the United States.

Capital Economics expects the U.S. Dollar Index DXY to fall to 98 by the end of 2025.