According to Odaily Planet Daily, Mitsubishi UFJ analyst Lee Hardman wrote in a report that the US dollar could fall further if Friday's US non-farm payroll data falls far short of expectations. He noted that another weaker-than-expected jobs report would reinforce market expectations that the Federal Reserve will resume rate cuts at its September meeting, potentially with a 50 basis point reduction. Data shows that the market currently generally expects a 25 basis point rate cut this month, with cumulative cuts exceeding 100 basis points by September of next year. Unless the non-farm payroll data is significantly better than expected, it will be difficult to dispel market expectations of a September Fed rate cut. (Jinshi)