DOLLAR MAY WEAKEN MODESTLY IN 2026 AS FED CUTS RATES RBC Capital Markets expects the U.S. dollar to decline modestly in 2026 as Fed rate cuts narrow interest-rate differentials with other developed markets. The Fed is projected to cut rates two to three times, while peers move more cautiously. Dollar weakness may be uneven, as stronger U.S. growth and asset outperformance could still attract capital inflows and trigger periods of strength. RBC forecasts the DXY index falling to 96 by Q4 2026 from about 98 currently.(*Walter Bloomberg)