Golden Finance reported that Philip Wee, a foreign exchange analyst at DBS Bank, pointed out that before today's FOMC meeting, the US dollar index was almost unchanged at 104.07. In the overnight trading session, the US dollar hit 104.80, close to the level it fell on July 11 due to weaker US CPI inflation. The Fed should open the door to rate cuts without supporting the market's aggressive bets on a September rate cut (110% probability) before seeing the US unemployment rate data on August 2 and the CPI data on August 14. Assuming that the Fed's confidence in the decline of inflation to the 2% target increases, or concerns about rising unemployment increase, it may provide forward guidance on the timing of rate cuts at the Jackson Hole Symposium from August 24 to 26.