Golden Finance reported that the euro rose to its highest level in a year, and traders were more bullish on the euro than at the end of 2020 before the Jackson Hole Annual Meeting. The euro rose to 1.1143 on Wednesday, the highest level since July 2023. The market expects Federal Reserve Chairman Powell to support their bets on interest rate cuts on Friday, and it is expected that the Fed will cut interest rates faster than the European Central Bank in the coming months.