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Danske Bank: If the Fed cuts interest rates next week, the fate of the euro may improve.
On December 13, Jinshi data, the euro fell to a 17-day low against the US dollar. Earlier, the European Central Bank cut interest rates by 25 basis points and hinted at further cuts in the coming months. However, Danske Bank analyst Mohammad Al-Saraf said in a report that the euro may rebound next week as the Federal Reserve is expected to cut interest rates. He said that after the European Central Bank's decision on Thursday, the fall of the euro was also limited, and the euro to dollar exchange rate fluctuated several times in the half-digit range, ending lower.