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The US dollar is expected to achieve its first monthly rise since 2025.
Jin10 data reported on July 31, the US dollar is expected to achieve its first monthly rise since 2025 in July. This is thanks to the Fed's tough stance and the strong performance of the US economy. On Wednesday, Fed Chairman Powell stated that he is not in a hurry to drop interest rates and did not reveal when interest rates might be lowered again. Meanwhile, following a series of trade agreements, the uncertainty brought about by President Trump's chaotic tariff policy has also eased, boosting investor confidence in the resilience of the US economy. The euro is one of the biggest victims of the dollar's rise this month, as investors have withdrawn bets made based on the assumption that 'the European market might offer more opportunities.' The euro is expected to fall nearly 3% this month.