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Institution: European economic improvement is expected to support the euro in the medium term.
On July 29, Jin10 reported that Monex Europe analysts said the euro against the dollar briefly hit a one-month low after a trade agreement between the US and the EU, but it is expected to rebound thereafter. The euro fell due to concerns about the economic impact of a 15% tariff on EU imports imposed by the US. However, analysts indicated that the tariff is lower than many had feared. "We still believe that against the backdrop of slowing US economic growth, the improvement in European economic growth should support the upward movement of the euro against the dollar in the mid-term."