Dutch International: The US dollar may decline moderately, and the Federal Reserve will further cut interest rates.

Analysts at the Dutch international group stated in a report that the US dollar is expected to soften moderately, as the Federal Reserve may further cut interest rates. These analysts said that the US economic growth remains quite strong, but the continuously weakening labor market should prompt the Federal Reserve to cut rates twice more. They also mentioned that this should align with the trend of the US dollar falling rather than collapsing. "Unless the prospects for returns in the US bond and stock markets deteriorate significantly, we continue to believe that the Euro will orderly rise to the 1.22 dollar area." The Euro fell by 0.2% to 1.1895 dollars.