Market Analysis: The European Central Bank's interest rate decision is expected to have a significant impact on the Euro.

Analysts at Yuexin Bank pointed out in a report that if the European Central Bank maintains interest rates on Thursday, the euro may not experience significant fluctuations, especially in the case of ECB President Lagarde maintaining a vague attitude towards future policies. They stated that Lagarde may continue to emphasize that policy depends on data, rather than clearly indicating the next direction of interest rates. The market may conclude that the ECB's inclination to cut rates has disappeared, but raising rates is still a distant prospect. They stated, "We continue to predict that interest rates will remain stable for a considerable period of time." Yuexin believes that, given their expectation that the Fed's interest rate cut will be less than the market expects, the euro/dollar may struggle to sustainably surpass 1.20.