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2025-12-12 16:44:28
[Euro Holds Near Two-Month High Against Dollar] ⑴ The euro traded near a two-month high against the dollar, primarily boosted by expectations of a policy divergence between the Federal Reserve and the European Central Bank. ⑵ The Federal Reserve cut interest rates by 25 basis points on Wednesday and hinted at further cuts; in contrast, the European Central Bank is expected to keep rates unchanged on Thursday. ⑶ ING stated in a report: "ECB President Christine Lagarde will present new forecasts, which should be the first test of the market's current expectation of no further rate cuts, and this aligns with our view." ⑷ The euro was flat at 1.1740 against the dollar, but remained close to the high of 1.1762 reached on Thursday.
