ING: The US dollar may face further downward pressure.

ING analyst Chris Turner points out that the dollar sell-off could intensify. If the dollar index breaks below its low of around 96.2 last year, the dollar could fall another 3%. The dollar's performance ahead of the Federal Reserve meeting is crucial; a pause in rate cuts by the Fed could provide some support. However, he emphasizes that any weak rebound and a lower close for the dollar would send a strong bearish signal. Meanwhile, earnings reports from Meta, Microsoft, and Tesla are also under scrutiny; any disappointing results could be another negative factor for the dollar, given that US consumption largely depends on stock market performance. (Jinshi)