Analyst: The sentiment of American exceptionalism is fading, and the euro will continue to benefit.

Jin10 data reported on April 24, analyst Ipek Ozkardeskaya from Swiss Group stated that the downside potential of the euro is limited. Due to concerns about the economic impact of tariffs, investors continue to avoid U.S. assets, favoring European assets instead. In a report, she mentioned that as the idea of American exceptionalism gradually fades, the preference for European stocks remains. The same goes for the euro. The euro against the U.S. dollar pulled back after breaking through the key 1.15 level earlier this week. However, she stated that the pullback in the euro is still an opportunity to strengthen long positions in the euro. She said that the next target for euro bulls is 1.20.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)