ChainCatcher news, ING stated that there has been a hawkish repricing of the Federal Reserve's interest rate expectations recently, and some FOMC members are currently skeptical about consecutive rate cuts before the end of the year. ING analyst Francesco Pesole mentioned in a report that the dollar may continue to appreciate ahead of the fiercely contested U.S. presidential election next month.Pesole noted that the dollar might "lose some momentum mid-week" on Wednesday, but overall, the dollar is expected to rise for most of the time leading up to the election. Additionally, the reduced expectations for Fed rate cuts have also boosted the dollar.