According to Jinshi, Samer Hasn, a member of the XS.com research team and market analyst, said in a report that if the gap between U.S. and German bond yields widens, the euro may weaken. He said: "This potential trend of widening yield gaps (even in the case of contraction today and yesterday) may deepen the euro's losses and prevent it from recovering." After the European Central Bank cut interest rates on June 6, the widening gap between the interest rates of the Federal Reserve and the European Central Bank also affected the euro.