According to Odaily Planet Daily, Alex Cohen of Bank of America stated in a report that the US dollar could weaken further as the Federal Reserve appears ready to resume rate cuts amidst remaining high inflation. He noted that worse-than-expected July non-farm payroll data and concerns about the Fed's independence have driven market expectations for faster and larger rate cuts, despite continued signs of stickiness in inflation. "Potential rate cuts amidst rising inflation create fertile ground for a depreciating US dollar." Bank of America predicts that the euro/dollar exchange rate (EUR/USD) will rise from its current level of 1.1620 to 1.20 by the end of the year, and further to 1.25 by the end of 2026. (Jinshi)