According to Jinshi, DHF Capital said in a report that traders may remain cautious before the ECB meeting on Thursday and the release of US non-farm payrolls on Friday, and the euro fell. CEO and asset manager Bas Kooijman said that the ECB is expected to cut interest rates, but the outlook remains uncertain, and traders will pay attention to the remarks of ECB President Lagarde for clues, which will expose the euro to risks and volatility.
If the ECB takes a more dovish stance on the trajectory of interest rates, the euro and European bond yields could face downside risks. Kooijman also said that if non-farm payrolls growth in May is higher than expected, it could strengthen the dollar, sending the euro lower against the U.S. dollar EUR/USD.
