According to Jinshi, analysts at Nordic Bank pointed out in a report that as the European Central Bank further cuts interest rates, US interest rates will remain high for a longer period of time, the interest rate gap between the euro zone and the United States will continue to widen, and the euro is expected to weaken against the US dollar EUR/USD in the coming months. The European Central Bank began to cut interest rates in June, and Nordic Bank expects interest rates to be cut every quarter, while the Federal Reserve is not expected to start cutting interest rates until December. The bank said that it is becoming increasingly clear that the European Central Bank is starting a different interest rate cut cycle from the Federal Reserve, and it is expected that the euro/dollar will fall to 1.04 in three months and to 1.05 by the end of the year.