According to Jinshi, the euro rose after regional data from Germany showed that overall inflation slowed in September, but core inflation and service sector inflation remained stable. Franziska Palmas, an economist at Capital Economics, said in a report that the German data showed that the decline in service sector inflation, which the European Central Bank has been paying special attention to, may be smaller, mainly because the boost from the Paris Olympics is fading. She said that the market expects a 93% chance of a rate cut in October, which may be too high considering the current data.