The ECB is scheduled to announce its policy decision today. The market expects to cut deposit interest rates by 0.25 percentage points at that time. Afterwards, ECB President Lagarde will hold a press conference to provide clues for future steps.” The euro fell 0.1% to $1.085325, falling for the seventh consecutive trading day. The US dollar index rose to 103.65, a new high in 11 weeks. A series of excellent US economic data supports the US dollar. These data in turn caused traders to lower their expectations for the Federal Reserve to cut interest rates, but the possibility that Republican presidential candidate Trump will win next month's general election is also rising. Thierry Wizman, Macquarie's global exchange rate and interest rate strategist, said, “Some of his core policies will make America's inflation prospects more serious, thereby weakening the prospects for the Federal Reserve to actively cut interest rates during this cycle.” Analysts expect that if Trump wins, the dollar will strengthen and bonds will be under pressure.

The ECB is scheduled to announce its policy decision today. The market expects to cut deposit interest rates by 0.25 percentage points at that time. Afterwards, ECB President Lagarde will hold a press conference to provide clues for future steps.” The euro fell 0.1% to $1.085325, falling for the seventh consecutive trading day. The US dollar index rose to 103.65, a new high in 11 weeks. A series of excellent US economic data supports the US dollar. These data in turn caused traders to lower their expectations for the Federal Reserve to cut interest rates, but the possibility that Republican presidential candidate Trump will win next month's general election is also rising. Thierry Wizman, Macquarie's global exchange rate and interest rate strategist, said, “Some of his core policies will make America's inflation prospects more serious, thereby weakening the prospects for the Federal Reserve to actively cut interest rates during this cycle.” Analysts expect that if Trump wins, the dollar will strengthen and bonds will be under pressure.