1357 GMT - The dollar looks set to weaken modestly as the Federal Reserve is likely cut interest rates further, ING analysts say in a note. U.S. growth remains reasonably strong but a softening labor market should prompt the Fed to deliver two more rate cuts, they say. This should be consistent with a dollar dip, not a collapse, they say. "Unless the outlook for U.S. bond and equity market returns deteriorates substantially (not our base case), we continue to favor [the euro] edging up to $1.22 area in an orderly manner." The euro falls 0.2% to $1.1895. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 10, 2026 08:57 ET (13:57 GMT)

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