According to Mars Finance, as reported by Jinshi, Alex Cohen from Bank of America stated in a report that as the Federal Reserve seems prepared to restart interest rate cuts with inflation still high, the dollar may further weaken. He noted that the poor July non-farm payroll data and concerns over the independence of the Federal Reserve have driven market expectations for faster and larger rate cuts. Bank of America expects the euro to rise against the dollar (EUR/USD) from the current 1.162 to 1.2 by the end of the year, and to further increase to 1.25 by the end of 2026.