Commerzbank: The foreign exchange market may be reluctant to lower the euro before the Central Bank meeting

Sina Financial News The focus of the foreign exchange market began to turn to the upcoming European Central Bank interest rate meeting next Thursday. Commerzbank economists said the Central Bank would be cautious about cutting interest rates for the first time. Even though the Central Bank is unlikely to deny that rate cuts are likely this year, it may try to dampen premature expectations. Of course, it remains to be seen whether it will succeed. There are no more heavyweight figures ahead of this meeting. Ahead of the meeting, the FX market may be reluctant to let the euro move lower.