According to PANews, ING Bank has indicated that while an economic recession is unlikely, the US dollar may face further declines due to potential interest rate cuts by the Federal Reserve in response to upcoming weak US economic data. Analyst Chris Turner noted in a report that weak economic data combined with a responsive Federal Reserve is expected to steepen the yield curve and increase risk appetite, leading to a softer dollar. The Federal Reserve may signal a rate cut at the Jackson Hole symposium scheduled for August 22-24. In the coming weeks, the US Dollar Index (DXY) could test the 102 level.