Golden Finance reported that the euro rose to its highest level in a year, and traders' bullishness on the euro reached the highest level since the end of 2020 before the Jackson Hole annual meeting. The euro rose to a high of 1.1143 on Wednesday, the highest level since July 2023. The market expects Fed Chair Powell to support their bets on rate cuts on Friday, and it is expected that the speed of rate cuts by the Fed in the coming months will exceed that of the European Central Bank.
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Los comerciantes están apostando a que la Reserva Federal de Estados Unidos reducirá las tasas de interés más que el Banco Central Europeo
Golden Finance reported that the euro rose to its highest level in a year, and traders' bullishness on the euro reached the highest level since the end of 2020 before the Jackson Hole annual meeting. The euro rose to a high of 1.1143 on Wednesday, the highest level since July 2023. The market expects Fed Chair Powell to support their bets on rate cuts on Friday, and it is expected that the speed of rate cuts by the Fed in the coming months will exceed that of the European Central Bank.