Market analysis: The European Central Bank is unlikely to further reduce interest rates at the moment, and the euro may rise.

German commercial bank analyst Volkmar Baur pointed out in a report that the Euro to US Dollar exchange rate may rise as the European Central Bank is unlikely to further cut interest rates at the moment. He stated that the ECB slightly raised growth and inflation expectations in its interest rate decision on Thursday, dispelling market speculation of further rate cuts by the central bank. "As we still expect the Federal Reserve to cut key rates several times in the next year, the ECB's wait-and-see attitude should be enough to boost the Euro."