Bank of America expects that interest rate cuts and high inflation will lead to a weaker dollar

ChainCatcher news, according to Jinshi reports, Alex Cohen from Bank of America stated in a report that as the Federal Reserve seems ready to restart interest rate cuts while inflation remains high, the dollar may weaken further. He pointed out that the poor non-farm payroll data for July and concerns about the independence of the Federal Reserve have driven market expectations for faster and larger rate cuts. Bank of America expects the EUR/USD to rise from the current 1.162 to 1.2 by the end of the year, and further to 1.25 by the end of 2026.