2025-03-06 09:19:38

On the 6th, the euro rose to a four-month high against the US dollar, as the prospects of the US economy are uncertain and the market is optimistic about Germany's plans to boost defense and infrastructure spending. Mitsubishi UFJ analyst Lee Hardman said in a report that Germany's fiscal plan, combined with the EU's plan to increase defense spending, will initially alleviate concerns about the economic impact of possible US tariffs on the EU. "In the short term, a more accommodative fiscal policy should support a stronger economic recovery after next year," he said, although it may be too early for the European Central Bank to incorporate these plans into its outlook at tonight's meeting, but they could have a significant impact in the coming years.

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
like
1
Repost
Share

Comment

0/400

GateUser-32d1c5f3

· 2025-03-06 09:20

On the 6th, the euro rose to a four-month high against the US dollar due to the unclear outlook for the US economic growth and the market's optimistic attitude towards Germany's plans to boost defense and infrastructure spending. Mitsubishi UFJ analyst Lee Hardman stated in a report that Germany's fiscal plan, along with the EU's plans to increase defense spending, will initially alleviate concerns about the economic impact of potential tariffs the US may impose on the EU. "In the short term, a looser fiscal policy should support a stronger economic recovery after next year," he said, although it is still too early for the European Central Bank to incorporate these plans into its outlook at the meeting held tonight, it could have significant implications for the coming years.

View OriginalReply0