Jane Foley, a foreign exchange strategist at Rabobank, said in a report that although the ECB may be cautious about future interest rate cuts due to high service inflation at Thursday's meeting, the euro may appreciate in the short term, but it is unlikely that its short-term increase will continue. Regardless of who wins the US presidential election in November, the euro is still likely to fall against the US dollar in the medium term. Both US presidential candidates are unaware of the need for budget consolidation, which suggests that US fiscal policy may increase inflation. This may make the dollar's strength even longer.

Jane Foley, a foreign exchange strategist at Rabobank, said in a report that although the ECB may be cautious about future interest rate cuts due to high service inflation at Thursday's meeting, the euro may appreciate in the short term, but it is unlikely that its short-term increase will continue. Regardless of who wins the US presidential election in November, the euro is still likely to fall against the US dollar in the medium term. Both US presidential candidates are unaware of the need for budget consolidation, which suggests that US fiscal policy may increase inflation. This may make the dollar's strength even longer.