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Sheng Bao Bank: The future weakening of the US dollar may benefit high-risk currencies in the next few months.
FXStreet News on July 2nd, Shengbao Bank stated that if the US dollar weakens in the third quarter due to a slowdown in the US economy, high-risk currencies sensitive to global risk sentiment and economic conditions may perform better. Shengbao Bank's forex strategist Chanana said in a report that these currencies include the Swedish Krona, Norwegian Krone, Australian Dollar, and New Zealand Dollar. The Australian Dollar and New Zealand Dollar are still in a favorable position as their Central Banks may continue to lag behind in the interest rate cut cycle.