Jan 31st, Jinshi data: Traders further bet on greater divergence between European and American Inrerest Rates, which may cause the Euro to fall further. Weak inflation data in Germany and France on Friday consolidated expectations that the European Central Bank will continue to cut interest rates for the remaining time of the year. Meanwhile, the Federal Reserve on Wednesday maintained the Inrerest Rate unchanged and hinted at a pause, making the US dollar still much more attractive. The main question now is how deep the Euro will eventually fall, and many forecasters believe that the Euro against the US dollar may fall to parity in the coming months. Traders have already fully digested the scenario of three more interest rate cuts by the European Central Bank before the end of the year, and believe that there is a 30% chance of a fourth action.
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In_flames
· 01-31 11:14
Buy to earn 💎
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Quanglv37
· 01-31 11:11
Bitcoin has a memecoin launchpad like Pump.fun, could it boost Rune?
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Xvovanx
· 01-31 11:11
Join the 🚀bull run 🐂Hold on tight 💪Vibe at 1000x 🤑
The interest rate difference between Europe and the United States may further widen, and the euro may face a greater decline.
Jan 31st, Jinshi data: Traders further bet on greater divergence between European and American Inrerest Rates, which may cause the Euro to fall further. Weak inflation data in Germany and France on Friday consolidated expectations that the European Central Bank will continue to cut interest rates for the remaining time of the year. Meanwhile, the Federal Reserve on Wednesday maintained the Inrerest Rate unchanged and hinted at a pause, making the US dollar still much more attractive. The main question now is how deep the Euro will eventually fall, and many forecasters believe that the Euro against the US dollar may fall to parity in the coming months. Traders have already fully digested the scenario of three more interest rate cuts by the European Central Bank before the end of the year, and believe that there is a 30% chance of a fourth action.