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If there is no tariff news, the euro may rise to 1.05

Data from Jinshi on January 21st, Francesco Pesole of ING Bank said that the euro to dollar exchange rate is ‘cheap and oversold’ and may pump further. Pesole said that if Trump’s tariff comments do not explicitly mention Europe, then the euro may perform well and could push the euro to dollar exchange rate to the 1.05 level. However, if US President Trump suddenly shifts his focus to Europe, then the good fortune of the euro may be short-lived.

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