【 New high for the year! Nearly 10 billion bears weigh down. Is this round of strong US dollar cycle coming to an end? 】 In August, the US dollar index fell 2.2%, the largest decline since November last year, and hit the second lowest point of this round of US dollar uptrend cycle during trading. The new round of US dollar weakness is related to market expectations of a shift in Federal Reserve policy. Federal funds rate futures show that the Fed will cut interest rates by nearly 100 basis points this year. As a result, non US currencies have rebounded significantly. According to data from the US Commodity Futures Trading Commission (CFTC), short positions in the US dollar rose to $9.8 billion last week, a new high since January.