Expectations of rate cuts are rising + "Campaign for Fed independence" is eroding confidence. The dollar bear market is unfolding.

According to the Wise Finance APP, after the US Dollar Index, which measures the strength of the US dollar against a basket of major global currencies, achieved its best monthly performance so far this year in July, the index has shown a downward trend in August. Investors are preparing for the continued collapse of the "American exceptionalism" narrative, the weakening of the US economy after the extremely weak non-farm payroll data, and the potential interest rate cuts by the Federal Reserve.