[Analyst: Fed rate cuts may exceed current market pricing, the dollar will face further decline this year] Odaily Planet Daily News - Analysts at MUFG Bank pointed out in a report that the Federal Reserve's rate cuts may exceed current market pricing, leading to further declines in the dollar this year. Fed Chair Jerome Powell previously stated that since April, the monthly increase in employment figures may have been overestimated by 60,000 jobs. Analysts noted that based on this situation, the U.S. is effectively losing jobs, and under the still-tight monetary stance, 'it will be very rare to see the situation improve.' They also mentioned that concerns over the Fed's independence have become a topic amid political pressure for rate cuts. MUFG Bank predicts that by the fourth quarter of 2026, the EUR/USD exchange rate will rise from the current 1.1690 to 1.24. (Jin10)