Analysts at Goldman Sachs believe that while the Federal Reserve is set to implement a rate-cutting measure, this might not bring significant downward pressure on the dollar. This is due to the fact that other major central banks around the world are also easing monetary policy. In her report prepared for clients, foreign exchange analyst Isabella Rosenberg emphasized that historically, during multiple rounds of rate cuts and when global policymakers show high coordination, the dollar usually exhibits a strengthening trend. This conclusion was reached based on an in-depth study of the rate cut cycles since 1995 and the degree of policy consistency among developed countries.