荷兰合作银行：尽管降息在即 但美元下行空间已被压缩

Core Viewpoint - The dollar may react to the upcoming non-farm payroll report, which could reinforce expectations for a rate cut by the Federal Reserve in September [1] Group 1: Market Expectations - The employment report is expected to set the tone for the market in the coming weeks [1] - There is a strong risk that a significant decline in the dollar may not surpass the initial reaction to the data, as rate cut expectations have already been priced in by the market [1] Group 2: Currency Projections - The mid-term target for the euro against the dollar is maintained at 1.20, with expectations that the exchange rate will gradually and slowly approach this level [1]