Wall Street anticipates a fall in the dollar, Bloomberg reports. Prerequisites for this, according to investors, is that the interest rate in the U.S. is approaching the maximum level, and the aggressive cycle of tightening by the Federal Reserve has had a negative impact on the U.S. economy, which is already making itself felt.

According to UBS Asset Management and AllianceBernstein, the dollar will weaken, while the yen and emerging market currencies will rise. Hedge funds have moved to sell it net for the first time since March, the publication writes.

A prolonged decline awaits the U.S. currency in the second half of the year and will continue next year, according to Brad Gibson, co-head of fixed income at AB in APAC. This will be facilitated by the slowdown in the U.S. economy, to which the Fed is likely to respond by easing monetary policy. The latest statistical data on inflation has already shown it approaching the regulator's target level - in June it amounted to 3%, which collapsed the Bloomberg spot dollar index by 11%, to the lowest in 15 months.