Report on the ECB press conference 📢

The European Central Bank 🇪🇺 has decided to cut interest rates by 0.25 points. This measure could potentially weaken the euro and strengthen the dollar.

Next week, it will be the turn of the US Federal Reserve (FED) 🇺🇸 to announce its interest rates.

The Fed's decision is eagerly awaited and could have a major impact on the financial markets, depending on the extent of the rate cut.

Two scenarios are possible:

1. If the Fed cuts rates in a similar way to the ECB, this could limit the impact on the euro and contain the rise in the dollar. Stock markets could benefit, which could be good for bitcoin.

2. If the Fed cuts rates more aggressively than the ECB, the euro could depreciate further and the dollar could strengthen. This could put pressure on stock markets and have a negative impact on bitcoin.

The Fed's press conference will take place on Wednesday 12 June 2024 at 8pm ⛔️.