Traders bet the Fed will cut rates faster than the ECB
The euro rose to its highest level in a year, with traders more bullish on the currency than since late 2020 ahead of the Jackson Hole symposium. The euro rose as high as 1.1143 on Wednesday, its highest level since July 2023. Markets expect Fed Chairman Powell to support their bets on rate cuts on Friday, with the Fed expected to cut rates faster than the ECB in the coming months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.
Shanghai's fintech industry scale in 2024 is approximately 440.5 billions yuan.
A certain whale shorted 5,000 ETH with 5x leverage, worth approximately $15.02 million.
Froggie market cap is now $8.18 million, with a 24-hour increase of 37.09%.