According to ChainCatcher, Scotiabank analysts have observed a decline in the U.S. dollar against most currencies this year, following years of growth. Analysts Shaun Osborne and Eric Theoret anticipate that the dollar will continue to weaken, with this trend expected to persist until 2026 and extend into 2027. Scotiabank forecasts that the Federal Reserve will lower its target interest rate to 3% in the first half of 2026.