There's buzz around the dollar potentially weakening as the Fed gears up for rate cuts in 2026. But here's the thing—Jane Foley from a major European bank isn't buying into the panic. Her take? Most of that downside everyone's worried about is already baked into current prices.

She's calling for a reality check. The greenback's drop, if it happens, probably won't be dramatic. Markets have a way of getting ahead of themselves, and this seems like one of those moments. The anticipated decline might be way more muted than the headlines suggest.

Interesting perspective when everyone's positioning for a major dollar slide. Sometimes the crowd gets it wrong.