Odaily Planet Daily News Monex Europe said in a report that the US dollar may recover from its current severe decline as expectations of US interest rate cuts seem excessive, and the dollar may benefit from safe-haven flows. Analysts said that recent weak US data has led the market to raise expectations for interest rate cuts for the rest of 2024 from three to five times previously. In the absence of recession risks, this expectation appears too aggressive, and data last week showed no signs of a slowdown. They said that even if the US economy enters a recession, the dollar may rebound due to safe-haven demand. (Jinshi)