G10 foreign exchange strategy director at Daiwa Securities: The Federal Reserve will maintain interest rates unchanged and the US dollar will weaken.

David Adams, head of G10 foreign exchange strategy at Morgan Stanley, stated that as the Federal Reserve fails to meet market expectations and keeps interest rates unchanged this year, the US dollar may weaken. "From a risk balance perspective, the US dollar is expected to decline in the future," Adams said in an interview in New York. "We are bearish on the US dollar." He believes that the euro will rise to $1.23 in the third quarter, as the European Central Bank is expected to raise interest rates twice this year while the Federal Reserve will stay put.