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In general, the global currency market today is expected to witness some fluctuations, with major currency prices affected by the following factors:
* Interest Policy: Markets are awaiting the European Central Bank (ECB) meeting in the first week of June, when it is expected to raise interest rates for the first time since 2011. This could lead to a rise in the value of the euro against other currencies.
* Economic growth: Concerns about slowing global economic growth continue to cast a shadow over markets. This could lead to weaker demand for riskier currencies, such as the Australian dollar and British pound.
* Geopolitical risks: The war in Ukraine remains a major concern for investors.
Below are specific forecasts for some major currencies:
* US Dollar: The US dollar is expected to decline slightly against the euro and British pound, but may remain supported by safe-haven demand amid concerns about global economic growth.
* Euro: The euro is expected to rise against the US dollar and the British pound, supported by the European Central Bank's decision to raise interest rates.
* British Pound: The British pound is expected to weaken against the US dollar and the euro amid concerns about economic growth.
