DOLLAR MAY WEAKEN FURTHER IN 2026 AMID FED RATE CUTS MUFG Bank analysts warn the dollar could fall if the Federal Reserve cuts interest rates more than expected. Fed Chair Powell noted U.S. job gains may have been overstated, suggesting the labor market is weakening. Political pressure on the Fed also raises concerns about its independence. MUFG forecasts the euro to reach $1.24 by Q4 2026, up from $1.1690.(*Walter Bloomberg)