According to TechFlame, Bank of America's Alex Cohen said in the report that the US dollar may weaken further as the Federal Reserve seems ready to restart interest rate cuts while inflation is still high. He pointed out that the poor July non-farm payrolls data and concerns about the independence of the Federal Reserve are driving the market to expect faster and larger interest rate cuts. Bank of America expects EUR/USD to rise from the current 1.162 to 1.2 at the end of the year, and further rise to 1.25 by the end of 2026.