#ADA# Jin10 data July 31, according to a report by analysts at UBS Global Wealth Management, the current rise of the US dollar is likely just a result of short-term holdings adjustment and does not indicate a reversal of its recent weakening trend. They noted that investors may have closed out their previous shorting positions on the dollar ahead of the Fed meeting on Wednesday, where the Fed kept interest rates unchanged. "Once the Fed signals readiness to restart rate cuts in the coming months, the dollar's weakness trend should re-emerge." This view is based on expectations that US economic growth will further slow down in the second half of the year, compared to a slowdown in the first half. UBS expects the euro to rise to 1.20 against the dollar later this year.