The Fed's interest rate cut cycle kicks off tonight! Will the US dollar enter a new era of depreciation?

The Fed's interest rate cut cycle is about to begin. Strategist Sofia Delrosos stated that the US dollar will enter a depreciation trend, with August being the worst-performing month for the dollar. She believes that as the Fed cuts interest rates, major global currencies will benefit, especially the Euro and the Brazilian Real. Despite some strategists being optimistic about the future of the US dollar, Delrosos expects the European Central Bank to cut interest rates slower than expected, while Brazil will start raising rates. The Fed may choose a small rate cut, to which the market will react sensitively