EUR/USD trading is close to a two-month high, boosted by policy differentiation between the Federal Reserve and the European Central Bank. The Federal Reserve cut interest rates by 25 basis points on Wednesday and hinted that it will cut interest rates further. In contrast, the ECB is expected to keep interest rates unchanged on Thursday. Dutch International Group's Frantisek Taborsky said in a report: “ECB President Christine Lagarde will present new predictions. This should be the first test that the current market already reflects expectations that interest rates will not be cut further, and this is in line with our views. “The euro was flat at $1.1740, but is still close to the high of $1.1762 hit on Thursday.

EUR/USD trading is close to a two-month high, boosted by policy differentiation between the Federal Reserve and the European Central Bank. The Federal Reserve cut interest rates by 25 basis points on Wednesday and hinted that it will cut interest rates further. In contrast, the ECB is expected to keep interest rates unchanged on Thursday. Dutch International Group's Frantisek Taborsky said in a report: “ECB President Christine Lagarde will present new predictions. This should be the first test that the current market already reflects expectations that interest rates will not be cut further, and this is in line with our views. “The euro was flat at $1.1740, but is still close to the high of $1.1762 hit on Thursday.