市场下调对欧洲央行降息预期

Group 1 - The eurozone benchmark German government bond yield has risen to a one-month high, indicating a significant decrease in market expectations for an interest rate cut by the European Central Bank (ECB) [2] - ECB Governing Council member Schnabel stated that the central bank should stop cutting rates due to rising price pressures from global economic turmoil, with inflation potentially exceeding the 2% target in the medium term [2] - The market anticipates the ECB's deposit rate in December to be 1.75%, higher than previous expectations of 1.55% to 1.67% [2] Group 2 - The euro to USD exchange rate is facing strong resistance at 1.1570 and is currently testing key trend support, with downside risks accumulating near the 50-day moving average at 1.1070 [3] - The currency pair has formed a series of lower highs and lows over the past month, indicating a weakening upward momentum, confirmed by the daily MACD indicator [3] - If the support at the 50-day moving average around 1.1070 is breached, further declines may occur, targeting the range of the March high of 1.1025 to 1.0950 [3]