Barclays: The US dollar may continue to weaken in the short term and may reverse and rise after 12 months

Barclays research team pointed out in the quarterly report that the US dollar may continue to weaken in the short term due to the impact of the Fed's interest rate cuts, but is expected to reverse and rise after 12 months. The report also mentioned that cyclical currencies in Latin America, Central and Eastern Europe, the Middle East, Africa, and G10 countries may continue to weaken, while low-yield currencies against the US dollar will remain relatively stable. Emerging market fixed income assets are expected to benefit, with terminal interest rates expected to remain neutral or higher. Barclays believes that the threshold for intentionally devaluing the US dollar is relatively high