The U.S. Federal Reserve recently cut interest rates by another 25 basis points, and investors are awaiting additional data, particularly inflation figures. These will be a key factor in determining whether the Fed is likely to lower rates further if inflation returns to the 2% target range.

Meanwhile, the European Central Bank (ECB) has also adopted a cautious monetary policy. In October, the ECB lowered its interest rate to 3.25% and has chosen to pause further rate adjustments until clearer data on the current economic conditions become available.

Source: Fxstreet