Organization: The US dollar may strengthen in the near future, as US interest rates remain relatively high

On November 28, Swiss investment management firm Lombard Odier stated in its 2025 outlook report that the US dollar may strengthen in the short term, benefiting from positive market sentiment and higher interest rates compared to other developed market currencies. The report said that as expectations for US economic growth improve and the Federal Reserve's terminal interest rate remains higher than other major central banks, the euro should trend lower against the dollar. Emerging market currencies will be more vulnerable, especially those countries with a large share of exports to the United States, due to additional volatility brought about by geopolitical risks and trade tensions.