EUR/USD fell to a low of two and a half months before the ECB met on Thursday, and the ECB is expected to cut interest rates again. The gap between the Eurozone and the US has widened once again. Dutch international analyst Pesole said in a report that interest spreads have prompted investors to reduce their bets on a higher euro against the US dollar. A more balanced position means that the euro is likely to attract buyers at a lower price. Next, unless the ECB unexpectedly announces guidelines that remain unchanged or exceed consensus on Thursday, the trend of the euro against the dollar will be determined by events in the US next month or so.

EUR/USD fell to a low of two and a half months before the ECB met on Thursday, and the ECB is expected to cut interest rates again. The gap between the Eurozone and the US has widened once again. Dutch international analyst Pesole said in a report that interest spreads have prompted investors to reduce their bets on a higher euro against the US dollar. A more balanced position means that the euro is likely to attract buyers at a lower price. Next, unless the ECB unexpectedly announces guidelines that remain unchanged or exceed consensus on Thursday, the trend of the euro against the dollar will be determined by events in the US next month or so.