According to the latest market analysis, the US dollar may face further devaluation pressure. Strategists at the well-known financial institution Lombard Odier have downgraded their outlook for the dollar from neutral to negative, a change in perspective that reflects deepening concerns about the dollar's trajectory.

Despite a slight rebound in recent U.S. inflation data, the job market remains sluggish, with low levels of corporate hiring activity and no significant increase in layoffs. In this economic environment, the market generally anticipates that the Federal Reserve may implement three rate cuts this year, and this expectation is gradually becoming a consensus.

Strategists point out that the expected decline in U.S. interest rates will significantly weaken the yield advantage of the dollar. At the same time, as the cost of hedging decreases, market demand for the dollar is also weakening. These factors combined may lead to further challenges to the dollar's position in the international foreign exchange market.

It is worth noting that the movement of the US dollar is not only related to the foreign exchange market, but will also have a profound impact on global trade, commodity pricing, and emerging market economies. Investors and decision-makers need to closely monitor the evolution of the US dollar's movement, as well as the potential changes it may trigger in the global economic landscape.