Odaily News MUFG analyst Halpenny said in a report that if the Federal Reserve is cautious about the possibility of rate cuts in the coming months at its meeting on Wednesday, the dollar will not necessarily appreciate. He said that since the beginning of April, the euro has strengthened even though the yield spread between the EU and U.S. two-year Treasury bonds has moved in favor of the United States. This means that cautious signals about rate cuts will not necessarily boost the dollar. Halpenny said that policy uncertainty and strong expectations that the U.S. economy will weaken mean that the dollar may remain weak or weaken further. (Jinshi)