美元指数减少了早些时候的跌幅，但在7月的第一天仍低于97，徘徊在2022年以来的最低水平附近。此前，美元在今年上半年下跌了近10%。参议院以3.3万亿美元的赤字通过了特朗普总统的税收法案，等待众议院批准，这加剧了人们对不可持续的债务发行的担忧。反过来，由于官员们没有宣布新的贸易协议，关税仍然不确定。在货币政策方面，美联储主席鲍威尔在欧洲央行中央银行论坛上重申了“观望”的立场。鲍威尔指出，预计通胀将在夏季上升，但强调美联储在应对方面的耐心。他还强调，大多数美联储官员认为，今年晚些时候降息可能是合适的。市场目前预计9月份将降息25个基点，预计年底将再降息两次。

The dollar index trimmed earlier losses but remained below 97 on the first day of July, hovering near its lowest level since 2022. This comes after the greenback posted a near 10% decline in the first six months of the year. The Senate passed President Trump's Tax bill at a deficit of $3.3 trillion to await for the House approval, extending concerns of unsustainable debt issuance. In turn, tariffs remained uncertain as officials refrained from announcing new trade deals. On the monetary policy front, Fed Chairman Powell reaffirmed a 'wait-and-see' stance at the ECB Forum on Central Banking. Powell noted that inflation is expected to rise over the summer, but emphasized the Fed’s patience in responding. He also highlighted that a majority of Fed officials believe it will likely be appropriate to cut interest rates later this year. Markets are currently pricing in a 25 bps rate cut in September, with growing expectations for two additional cuts by year-end.