$BTC $ETH

Yesterday, the Bank of Canada announced a 25 basis point interest rate cut, becoming the first G7 central bank to cut interest rates.

Today, the European Central Bank made the same decision and cut interest rates by 25 basis points. Recent U.S. employment data have weakened significantly, and the Federal Reserve is expected to cut interest rates once this year. Although inflationary pressure in Europe and the United States has not yet been relieved, the monetary easing cycle of G7 central banks has begun.

Yesterday, U.S. stocks hit a new high. Risk assets are being priced at a macro level, which is positive. The liquidity spillover caused by monetary easing can bring more incremental funds to the currency market. The market outlook remains optimistic.