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[Breaking News! France Downgraded, Euro Under Pressure! Global Central Bank Meeting Storm Coming!] ⑴ France's credit rating downgrade has put pressure on the euro against the US dollar, British pound, and Japanese yen. Previously, Fitch Ratings downgraded France's sovereign credit rating from AA- due to the country's increasing government debt burden. While the market had anticipated this and the reaction was relatively mild, analysts believe that France's fiscal concerns may limit the euro's potential for recovery in the short term. Notably, as of the week of September 8, speculative net long positions in the euro against the US dollar remained at $18.4 billion, near a two-year high. ⑵ Market focus is shifting to key interest rate decisions from several global central banks this week. The Federal Reserve's decision is attracting much attention, with the market generally expecting a 25 basis point rate cut, and a 6% probability of a 50 basis point surprise. Investors will closely monitor the Fed's "dot plot" and the chairman's remarks to gauge the magnitude and pace of future rate cuts. ⑶ Expected policy divergence between the ECB and the Federal Reserve is considered a key factor supporting the euro's resilience and could push the euro against the US dollar to 1.2000. However, the currency pair remains confined to a trading range of 1.1500 to 1.1800. (4) Among other major central banks, the Bank of England and the Bank of Japan are expected to maintain interest rates. Market focus will be on the Bank of England's plans to reduce its government bond holdings and the Bank of Japan's comments on the possibility of a rate hike this year. (5) Against this backdrop, the Indonesian government has launched an economic stimulus package worth nearly $1 billion, including food aid and infrastructure projects, aimed at stimulating economic growth and achieving its full-year economic growth target of 5.2%. The program is expected to provide temporary jobs for over 600,000 people.