Deutsche Bank: The euro may continue to play a secondary role in the forex market in the near future

On August 28th, Jin10 Data reported that the market has been closely following the US dollar recently. Antje Praefcke, a forex analyst at Deutsche Bank, pointed out that the euro is likely to play a secondary role in the forex market in the near future. Of course, the euro is also worth following. The recent statement by the European Central Bank at the September meeting is not as precise as Powell's recent remarks. ECB President Lagarde emphasized in July that future decisions will depend on data. However, the medium-term inflation prospects of the European Central Bank have been confirmed. Lagarde emphasized that wages are unlikely to pump up as much as this year next year. In addition, some representatives of the European Central Bank have become more dovish, making it highly likely that there will be another interest rate cut. During the release of inflation data in the eurozone, expectations for the European Central Bank may change. Especially if the data unexpectedly falls short of expectations, the euro will depreciate to a certain extent. The greater the decline in the inflation rate, the more certain the market will be that the interest rate cut in September will proceed as planned.