UBS: Even if the European Central Bank cuts interest rates, the euro may still pump.

Jinshi Data News on October 17th, UBS Global Wealth Management said that despite the possible further interest rate cut of 25 basis points by the European Central Bank on Thursday, the euro may still strengthen. Because the lower global interest rate environment and the continued resilience of the US economy should benefit currencies sensitive to the economy such as the euro, the euro against the US dollar should perform well in the coming months. The European Central Bank may cut interest rates again in December and then may ‘lower interest rates at every meeting before June next year, and the deposit interest rate will reach 2% before the European Central Bank presses the pause button.’