The dollar faces further downward pressure and may drop another 3%

According to Jinshi News, ING analyst Chris Turner pointed out that the dollar sell-off may intensify. If the dollar index effectively breaks below last year's low around 96.2, the dollar could decline another 3%. He emphasized that it is crucial to pay attention to the dollar's performance ahead of the Federal Reserve meeting; if the Fed shifts to pause interest rate cuts, it may provide some support for the dollar. Meanwhile, the earnings reports of Meta, Microsoft, and Tesla are also under scrutiny, and any performance that falls short of expectations could become another bearish factor for the dollar.