Strategist: European Central Bank decision expected to have little impact on the Euro.

Foreign exchange strategist Karamanis stated that the market has fully digested the impact of the European Central Bank's interest rate cut, and at the same time, it is expected that ECB President Lagarde will take a cautious wait-and-see attitude. Currently, volatility expectations are being suppressed not only because the market expects no surprises from the European Central Bank's decision today. More importantly, the traditional relationship between interest rates and foreign exchange has weakened in recent weeks. This means that even if there is a significant change in the pricing of the ECB's policy path by the currency market before the end of the year, it may not be enough to have a substantial impact on the euro.