The financial markets are mainly focused on interest rate cuts during this period. Because when will the central banks in the eurozone (ECB), the United States (Fed) and the United Kingdom (BoE) step down and announce - for the first time in five years - an interest rate cut? Joost Derks, currency expert at iBanFirst, gives his expectations as to who and when the first downward interest rate steps will be taken. And what that does to euro/dollar and euro/pound. Yet Derks sees the current market movements as the calm before the storm, as he tells presenter Eric de Lijster in a new Boerenbusiness Currencies. Derks foresees more financial fireworks for the second half of the year.
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