According to online reports, Jane Foley, foreign exchange strategist at Rabobank, said in a report that if Federal Reserve Chairman Powell remains cautious about interest rate cuts in his upcoming speech, speculators may close out previous short positions in the dollar in the short term. Markets and Rabobank both expect the Federal Reserve to cut interest rates in September, reflecting a weakening labor market. However, Foley pointed out that Powell may still be cautious about policy easing when he speaks at the central bank's annual meeting in Jackson Hole on Friday. This stance may support the dollar in the short term. Despite this, Rabobank still expects the euro/dollar to rise to 1.20 EUR/USD next spring as the market anticipates more interest rate cuts in the future.