According to ChainCatcher, Amundi's Global Head of Foreign Exchange Andreas Koenig stated that despite the ongoing uncertainties of the trade war, the strength displayed by the euro amid the turmoil in April is hard to negate. Koenig believes that the appreciation of the euro represents a structural change that may last longer. Jane Foley, Head of FX Strategy at Rabobank, pointed out that tariffs have pushed up the prices of U.S. goods, making the euro's strength more expensive. Deutsche Bank predicts that the euro will rise to 1.20 against the dollar before December and reach 1.30 by the end of 2027.