Dollar Under Pressure: Wall Street Split Widens Ahead Of High-Stakes US Data

Wall Street remains split on the U.S. dollar’s trajectory ahead of pivotal economic data this week, according to Benzinga. Wells Fargo expects a short-term rebound, calling recent weakness “tactical,” not structural, and projects trend strength through 2026. The bank attributed dollar weakness to temporary U.S. policy uncertainty and tariff volatility, but maintained that this does not reflect a long-term shift away from U.S. assets. Goldman Sachs anticipates continued declines, pointing to waning demand for unhedged U.S. assets and a broader structural reallocation. Upcoming reports on GDP, inflation, and jobs could validate either view.