Analyst: The euro will rise in the long term

ChainCatcher news, Amundi's Global Head of Foreign Exchange Andreas Koenig stated that despite the ongoing uncertainty surrounding the trade war, the momentum initiated by the euro in the turbulent weeks of April is unlikely to be easily dismissed.

Koenig believes that "(the appreciation of the euro) is a structural change that may last longer and further than we currently imagine." Jane Foley, Head of Foreign Exchange Strategy at Rabobank, stated, "Tariffs have already pushed up the prices of U.S. goods, and a stronger euro will make them even more expensive. Another sudden surge in the euro could be unsettling." For the time being, many are optimistic about the euro. Deutsche Bank predicted in January that the euro would fall below parity against the dollar this year, but now expects it to rise to 1.20 by December and further climb to 1.30 by the end of 2027.