Standard Chartered predicts the Federal Reserve will cut interest rates in June, which will drive the dollar down

Standard Chartered Bank stated that if prices or economic activity cool down sufficiently, the Federal Reserve may be more inclined to ease monetary policy in the second quarter, which will cause the dollar to "soften slightly" from mid-year. Analysts wrote in a report that our base case scenario is that the Fed will cut interest rates before other central banks or along with them, which is unfavorable for the dollar because improvements in risk preference and liquidity conditions will lead to selling pressure on the dollar. The optimistic sentiment of risky assets is not good for the dollar, but if the difference between Fed's interest rate and those of other central banks can be maintained, then the dollar "may be moderately weak rather than collapsing."