Yu Xin Bank: Euro may remain strong before the Federal Reserve meeting

On September 17, Jinshi Data reported that UBS Bank stated that the euro was lower before the Federal Reserve meeting, but still above the key level of 1.11 US dollars. The market is discussing the prospect of a larger rate cut of 50 basis points by the Federal Reserve. Unicredit analysts stated in a report that the strength of the euro is unlikely to be challenged by German ZEW data, US retail sales data, or a rebound in US industrial output data. If the Federal Reserve cuts interest rates by 25 basis points, the euro may face some profit-taking, but this may only prevent the US dollar from further weakening, rather than causing a complete reversal of the euro.