[Mitsubishi UFJ: The dollar may fall further on the prospect of rate cuts] Golden Finance reported that Mitsubishi UFJ said that the dollar may fall further after its recent decline as the Federal Reserve is likely to start cutting interest rates in September and may signal further rate cuts than previously expected. "The next set of forecasts in September will show rising unemployment and falling inflation, which will form the basis for starting a rate cut cycle," analysts said. They said the median forecast for interest rates in 2024 could rise from one rate cut to possibly three or four. However, broader geopolitical risks and weak economic growth in Germany should limit the depreciation of the dollar. Mitsubishi UFJ expects the euro/dollar EUR/USD to rise from the current 1.1035 to 1.12 by the end of the year. (Jinshi)