Eurozone to shrug off Trump metal and aluminium tariffs? EUR/USD forecast to 1.08
Morgan Stanley saiy the euro could acquire energy towards the greenback if the EU manages to keep away from heavy tariffs from Trump.
- They anticipated that in late 2025, the U.S. will introduce gradual and focused tariffs on the EU, following the reinstatement of Part 232 tariffs on metal and aluminum.
- Nonetheless, they consider these focused measures are unlikely to considerably have an effect on financial development within the eurozone.
- Morgan Stanley maintains its suggestion to purchase the euro, aiming for a goal of $1.08.
Anybody making forecasts depending on what Trump would possibly do most likely deserves a bravery medal.
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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