Goldman Sachs: Trump's dismissal of US Bureau of Labor chief is detrimental to the US dollar

According to BlockBeats, on August 4th, the US dollar continued its downward trend from Friday as market expectations for the Federal Reserve's September interest rate cut increased and concerns about the reliability of US data intensified. Goldman Sachs analysis points out that Trump's move to replace the Director of the Bureau of Labor Statistics (BLS) may weaken market confidence in the credibility of US policies and prompt investors to reassess their hedging strategies. The bank expects the US dollar to further weaken, especially with potential pressure on the Japanese yen exchange rate. (Bloomberg)