German bank: European Central Bank meeting is unlikely to become the ideal catalyst for the Euro/US Dollar.

Michael Pfister, foreign exchange analyst at Deutsche Bank, pointed out that anyone hoping that the European Central Bank meeting would drive further volatility in the euro/dollar exchange rate may be disappointed. Pfister said, "Although this meeting will release new forecasts, the meeting itself is unlikely to provide much new information. All signs currently indicate that interest rates will remain unchanged, a situation that the market has already digested." If there is any difference, hope may rest on ECB President Lagarde. After all, her tone was unexpectedly strong in the previous two press conferences. However, surprises are also unlikely here: in recent weeks, the market has been moving in our direction, and the earliest rate cut is not expected until next year. Lagarde is unlikely to reveal her stance early. Therefore, today's US inflation data may be more important for the foreign exchange market.