On June 19, Guolonghui reported that UOB's global economic and market research department published a report on the third quarter outlook for 2024, stating that although the market's expectation of a Fed rate cut has fluctuated, the US dollar has remained relatively stable against major currencies in the second quarter to date. Overall, before the expected rate cuts in September and December, the bank reiterated its view that the dollar would weaken again in the third quarter of this year. The main risk of a bearish outlook on the US dollar is that if the Federal Reserve keeps interest rates unchanged in 2024, US inflation will not fall further. Against the backdrop of other major central banks such as the European Central Bank and the Bank of England possibly beginning to cut interest rates in the second half of the year, the US dollar is likely to remain strong by the end of 2024.