Despite recent strength, currency strategists believe growing fiscal risks, softer economic data, and uncertainty over Federal Reserve policy could intensify pressure on the U.S. dollar. Saxo's Chief Investment Strategist Charu Chanana notes that higher Treasury yields may not support the dollar if they reflect fiscal risk rather than stronger growth. Societe Generale's Chief FX Strategist Kit Juckes adds that weaker inflation and employment data have reduced interest rate expectations, leading to cuts in long dollar positions. Deutsche Bank's Global Head of FX Research George Saravelos highlights the Fed's ambiguous inflation reaction function as another negative factor, suggesting the FIMA facility could indirectly lead to monetary financing of Treasuries.