According to Jinshi, Swissquote senior analyst Ipek Ozkardeskaya predicted in a report that the euro/dollar exchange rate EUR/USD should remain below 1.09 as the European Central Bank may cut interest rates next week and the prospect of a rate cut by the Federal Reserve in September begins to dim. She said that if there are no surprises in the eurozone inflation data this week, the dovish differences between the European Central Bank and the Federal Reserve should prevent the euro/dollar from breaking through the 1.09 mark. Currently, the euro/dollar is slightly higher and is now 1.0849.
