Gelonghui, November 25 | A recent survey by institutions shows that the usd will stabilize in early 2025, but will face risks from accelerating inflation in the usa and a surging fiscal deficit over the next year. As we approach the end of the year, opinions among 89 respondents on the risks that could harm the usd vary. Concerns about the deficit make up the largest proportion at 38%, while another 32% of respondents believe that if Trump implements the tariff measures promised during his campaign after taking office in January, then sluggish economic growth in the usa and globally next year will put pressure on the usd. Although these policies may strengthen the usd in the short term, the long-term damage to the economy will ultimately diminish the usd's appeal. Nevertheless, about 70% of respondents still believe that the usd index will rise in the coming month. Two key themes support confidence in the usd before the end of the year: first, us treasury yields will be supported by the Federal Reserve's patience with interest rate cuts, which will encourage inflow into usa assets; second, uncertainties surrounding Trump's future economic policies may lead to safe-haven bids for the usd.