Danske Bank: The recent rise of the euro reflects the weakness of the dollar

ChainCatcher news, Danske Bank analysts stated in a report that the recent appreciation of the euro reflects the weakness of the dollar rather than the strength of the euro. Due to policy risks in the United States, slowing economic growth momentum, and fragile investor confidence, the dollar still faces the risk of decline. The dollar needs a significant improvement in economic data to regain support. Until this happens, the euro against the dollar will continue to rise.