PANews reported on August 8 that according to Jinshi, ING Bank said that although a recession is unlikely, the US dollar will face further declines as the Federal Reserve may cut interest rates due to the upcoming weak US economic data, which will reduce the inflow of safe-haven funds. Analyst Chris Turner said in the report that compared with a recession and the Fed not responding, weak US data and the Fed's response will lead to a steeper yield curve, while risk appetite rises and the dollar weakens. The Fed may signal a rate cut at the Jackson Hole Symposium on August 22-24. In the next few weeks, the US dollar index DXY may test 102.