According to Odaily Planet Daily, Jane Foley, a foreign exchange strategist at Rabobank, stated in a report that speculators may close out their previous short dollar positions in the short term if Federal Reserve Chairman Powell remains cautious about rate cuts in his upcoming speech. Both the market and Rabobank expect the Fed to cut rates in September, reflecting a weakening labor market. However, Foley noted that Powell may remain cautious about policy easing when he speaks at the Jackson Hole Central Bank annual meeting this Friday. This stance may provide support for the dollar in the short term. Despite this, Rabobank still expects the euro/dollar exchange rate (EUR/USD) to rise to 1.20 next spring as the market anticipates further rate cuts. (Golden Ten P)