The US dollar is expected to weaken in 2025 as the Federal Reserve cuts rates, moving closer to neutral amid improved inflation and a loosening labor market. This decline in US yields will make currencies like the CHF, GBP, and AUD more attractive, with the USDCHF projected to trade at 0.80 by Q3 2025. In the UK and Australia, high yields are likely to remain, supporting their currencies in a stable economic environment.