<p>Due to concerns about the prospects of interest rate cuts, the US Dollar Index (DXY) fell to a three-year low again on Monday. However, Francesco Pesole of ING Groep stated that the upcoming US economic data may limit the decline of the dollar, as this data could prompt investors to reduce their bets on interest rate cuts. He mentioned that Thursday's non-farm payroll report may show a gradual slowdown in job growth, but not enough to trigger significant bets on a rate cut in July. Inflation may also rise in the coming months. &#34;The dollar should see some short-term support.&#34;</p>

<p>Due to concerns about the prospects of interest rate cuts, the US Dollar Index (DXY) fell to a three-year low again on Monday. However, Francesco Pesole of ING Groep stated that the upcoming US economic data may limit the decline of the dollar, as this data could prompt investors to reduce their bets on interest rate cuts. He mentioned that Thursday's non-farm payroll report may show a gradual slowdown in job growth, but not enough to trigger significant bets on a rate cut in July. Inflation may also rise in the coming months. "The dollar should see some short-term support."</p>

ING Groep: Thursday's non-farm data may provide support for the US dollar index