imho : US wants lower USD for reason below . once US cut their interest... we'll see ...
DislikedDisadvantages of a strong currency
Increase in the trade deficit: The lower price of imports leads to consumers increasing their demand and this can cause a large trade deficit. Exporters lose price competitiveness because they will find it more expensive to sell in foreign markets and face losing market share – this can damage profits and employment in some sectors and industries.
Slower economic growth: If exports fall, this causes a reduction in aggregate demand and reduces the short-term rate economic growth...Ignored
not euphoria follower