2025年,美元下跌了9%,这是8年中最糟糕的一年,原因是预期的利率削减、赤字和全球变化。 The U.S. dollar dropped 9% in 2025, its worst year in eight, due to expected rate cuts, deficits, and global shifts.

2025年底,美国美元对主要货币贬值9%,这是八年来最糟糕的一年,其驱动因素是预期美联储削减利率,财政赤字扩大,政治不稳定,以及与其他国家的汇率差距缩小。 The U.S. dollar ended 2025 with a 9% drop against major currencies, its worst year in eight years, driven by expected Fed rate cuts, widening fiscal deficits, political uncertainty, and narrowing rate gaps with other nations. 尽管最近出现了反弹,但预计2026年随着全球增长的加强、中央银行政策的分歧以及特朗普总统领导下的新任美联储主席可能采取多维什立场,还会进一步出现弱点。 Despite a recent rebound, further weakness is anticipated in 2026 as global growth strengthens, central bank policies diverge, and a new Fed chair under President Trump may adopt a dovish stance. 美元的实际价值仍然高估,任何减缓美国经济增长的迹象都可能深化贬值。 The dollar remains overvalued in real terms, and any signs of slowing U.S. economic growth could deepen depreciation.