Société Générale: The decline of the euro against the dollar may slow down

According to Jinshi, Kit Juckes from Société Générale stated in a report that the decline of the euro against the dollar may at least slow down. Recent rising expectations for a Federal Reserve interest rate hike and reduced bets on the European Central Bank's tightening policy have caused the euro to drop to a one-year low of 1.1324 against the dollar. Juckes pointed out that the euro has fallen below the range of 1.14 to 1.2 where it has been for most of the past year, which may limit its further downside potential.