[ING: The Dollar May Decline Moderately as the Federal Reserve Further Cuts Rates] Analysts at ING (ING Group) stated in a report that the dollar is expected to weaken moderately as the Federal Reserve may further cut interest rates. These analysts noted that while U.S. economic growth remains relatively strong, a continuously weakening labor market should prompt the Federal Reserve to cut rates two more times. They added that this should align with a decline in the dollar rather than a collapse. 'Unless the return outlook for U.S. bonds and stock markets deteriorates significantly (which is not our base case), we continue to lean toward the euro rising in an orderly manner to the $1.22 region.' The euro fell 0.2% to $1.1895.