Institution: If the European Central Bank and the Federal Reserve cut interest rates simultaneously, the Euro may slightly weaken.

On September 9th, Jinshi data reported that the re-evaluation of the US exception theory has boosted the bets on the Fed’s rate cut, pushing the euro to pump in the near future. However, the euro to US dollar Exchange Rate may fall from the current 1.105 to 1.08 in the fourth quarter. Elsa Lignos, forex strategist at the Royal Bank of Canada, said in a report that the changes in economists’ forecasts are not as significant as indicated by the euro to US dollar PA, and the probability of a recession in the US and the euro area in the next 12 months is both at 30%. “The Fed is expected to cut interest rates this month, and we expect it to be 25 basis points, but the European Central Bank may also continue to cut interest rates, also by 25 basis points.” Lignos said that both the Fed and the European Central Bank are expected to cut interest rates by 75 basis points this year.