CoinVoice has recently learned that Andreas Koenig, global head of foreign exchange at Amundi Asset Management, stated that despite the ongoing uncertainty surrounding the trade war, the strength that the euro initiated during the turbulent weeks of April cannot 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 American goods, and a stronger euro will make them even more expensive. Another sudden spike in the euro could be unsettling.' For now, many are optimistic about the euro. Deutsche Bank had predicted in January that the euro would fall below parity against the dollar this year, but now expects it to rise to 1.20 against the dollar by December and further climb to 1.30 by the end of 2027. [Original link]