[Amundi: Downgrades Dollar Stance to 'Cautious,' Expects Further Fed Rate Cuts] Jin10 News, January 7 – Analysts at Amundi stated in a report that as the 'American exceptionalism' narrative gradually weakens and tariffs remain a latent source of uncertainty, the dollar is facing structural headwinds this year. We have slightly raised our 2026 growth forecast from 1.9% to 2.0%, but the overall narrative remains one of sub-potential growth. Additionally, analysts noted that the Federal Reserve is likely to cut rates twice more this year. Uncertainty surrounding the next Federal Reserve Chair remains, but considering President Trump's push for accommodative monetary policy, it is evident that they will lean toward rate cuts, the analysts said. Amundi has downgraded its stance on the dollar to 'cautious.'