Standard Chartered Bank: The US dollar ends its undervalued state and returns to historical normal relationships

According to Jinshi reports, Steve Englander of Standard Chartered Bank stated in a report that the dollar has deviated over the past year and is now returning to its normal relationship with historical drivers. Englander pointed out that the dollar was overvalued at the end of 2024 and the beginning of 2025, then became undervalued in the second quarter and early third quarter of 2025, and is currently almost flat. He believes that the reduction of the dollar's undervaluation is positive for the currency.