Dollar, U.S. 10-Year Treasury Yields Rise to 2-Year High After Strong Data Dims Rate-Cut Prospects -- 2nd Update
Chief Economist of the European Central Bank: Interest rates need to seek a "middle path."
①The chief economist of the European Central Bank, Lane, stated that the ECB needs to find a "middle ground" this year that is neither too aggressive nor too cautious; ②In 2024, the ECB has already cut interest rates four times and is expected to cut rates another four times this year, most of which will be concentrated in the first half.
Could EUR/USD Pivot Before Parity?
Goldman Sachs: The dollar is expected to rise by at least 5% in the next year, while the euro may fall below parity with the dollar within six months.
This is Goldman Sachs' second upward adjustment of the USD forecast within about two months, due to the continued strong growth of the USA economy and the potential inflation caused by the new tariffs proposed by Trump, which may hinder the Federal Reserve from easing MMF policy. Goldman Sachs predicts that EUR/USD will fall to 0.97 within six months.
ECB's Vujčić: Central Bank Unlikely to Accelerate Rate Cuts
EUR/USD: The Euro a Breath From 1.0200 as Any Reaction Attempt Is Short-live