The euro is set to fall against the dollar for a second week on the expectation that the European Central Bank (ECB) will give no indication that it will raise interest rates in the near-term.A statement from ECB president Jean-Claude Trichet to be made later today (September 4th) is expected to maintain the bank's dovish stance on interest rates.Yesterday, a statement from Mr Trichet declaring that the road to recovery would be bumpy encouraged analysts to reassess their forecasts for today's announcement.Thomas Harr, a senior currency strategist at Standard Chartered Plc in Singapore, told Bloomberg: "The markets are looking for something like two rate hikes over the next 12 months, but it was definitely more before the meeting."Meanwhile, the pound also made headway against the euro yesterday amid signs that the UK services sector may help to pull the country out of contraction in the third quarter.