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Dollar weakness risks are building, currency strategists say

8/19/2026

The dollar is under growing pressure from a cluster of forces that currency strategists say could weaken the greenback.

Currency strategist is the term for analysts who specialize in forecasting exchange rates, the price at which one currency converts to another in global markets.

Three factors are now in focus: Treasury risk, a softening run of American economic data, and a Federal Reserve whose rate policy remains genuinely unclear.

Treasury risk, in this context, means the possibility that investors grow less willing to hold U.S. Buying those bonds, known as Treasuries, first requires buying dollars.

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