Here are the most important developments.
• After a quiet day yesterday, Monday, the market opens today, Tuesday, and there is also no important economic data.
• In the Eurozone, officials indicated that they are open to reducing the European interest rate in October.
• The European interest rate decision is scheduled for 10-17-2024, and if it is reduced, it will be before the US interest rate decision in November, which will greatly weaken the euro.
• At dawn tomorrow, Wednesday, the New Zealand interest rate decision will be made, and if any interest rate cut is less than half a point, we will see support instead of pressure on the New Zealand dollar, because the expected cut is half a point, not a quarter.
• The most important thing this week is next Thursday, awaiting the release of the US inflation data.
• Which will determine whether the US interest rate will be cut strongly or not next November.