Danske Bank: The euro may continue to rise due to weak U.S. economic prospects and EU fiscal reforms.

Jin10 data April 7 news, Danske Bank analyst Frederik Romedahl Poulsen stated in a report that, influenced by the weakening outlook of the US economy and the eurozone’s fiscal stimulus plans, the euro against the dollar may continue to rise. He mentioned that the risk of a US economic recession is continuously increasing, and President Trump’s policy stance is increasingly dragging down the structural growth outlook for the US. The gap between US inflation-adjusted real interest rates and other regions may narrow, thereby reducing support for the dollar. There are also early signs indicating that capital is flowing out of US assets. “In terms of the euro, Europe’s fiscal reforms are beginning to boost market sentiment.” Danske Bank expects the euro against the dollar to rise to 1.14 within six months.