The Dutch Cooperative Bank: The Federal Reserve may cut interest rates by 25 basis points in September, and cut rates again before the end of the year.
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Odaily Odaily News: Jane Foley, a foreign exchange strategist at Rabobank, said in a report that the Federal Reserve may cut interest rates by 25 basis points in September and cut interest rates again before the end of the year. The analyst said: "From a six-month perspective, we expect USD/JPY to fall to 142, which will be roughly consistent with expectations about the timing of the next rate hike by the Bank of Japan." Rabobank said that as the Bank of Japan may raise interest rates further and the Federal Reserve should start cutting interest rates in September, the yen against the US dollar looks set to continue its rise in the coming months. (Jinshi)
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