On July 31 (UTC+8), Commerzbank analyst Volkmar Baur said in a report that the U.S. dollar may weaken if the Federal Reserve is more willing to cut interest rates in the near future. At Wednesday's meeting, Fed Chairman Powell held interest rates steady, suggesting that a rate cut in September is still unlikely. However, Commerzbank still expects the Fed to begin a new round of rate cuts in September. He said the Fed should signal a rate cut in the coming weeks. This change in communication could put pressure on the dollar in the coming weeks, even before the Fed cuts rates in September. (Source: Jin10) [Jin10]