【Bank of America: Rate Cuts and High Inflation Will Weaken the Dollar】Golden Finance reports that Alex Cohen from Bank of America stated in a report that as the Federal Reserve seems prepared to restart rate cuts while inflation remains high, the dollar may weaken further. He pointed out that disappointing July non-farm payrolls data and concerns over the Federal Reserve's independence have pushed market expectations for faster and larger rate cuts, even though inflation still shows signs of stickiness. "Implementing potential rate cuts amidst rising inflation creates fertile ground for dollar depreciation." Bank of America expects the euro to rise against the dollar (EUR/USD) from the current 1.1620 to 1.20 by the end of the year, and further to 1.25 by the end of 2026.