特朗普对欧盟关税立场逆转后，欧元跃升至一个月高点

Core Viewpoint - The euro reached a one-month high against the dollar as the EU requested more time to reach a favorable agreement, and President Trump reversed his threat to impose a 50% tariff on EU goods starting June 1 [1][3]. Group 1: Currency Movements - The euro appreciated by 0.55% to 1.1418 against the dollar, marking the first increase since April 29, and has risen 10% year-to-date [1]. - The dollar index, which tracks the dollar against six other currencies, fell by 0.15% to 98.93, continuing a 1.9% decline from the previous week [3]. - The dollar weakened against the Japanese yen, dropping 0.24% to 142.23, and against the Swiss franc, falling to 0.8193, the lowest in two and a half weeks [2]. Group 2: Trade Policy and Economic Sentiment - Trump's announcement to delay tariffs until July 9 followed a request from EU Commission President Ursula von der Leyen for more time to negotiate, indicating a potential easing of trade tensions [3]. - The recent shift in Trump's stance on tariffs has led to speculation about a possible agreement with the EU before the July deadline, alleviating concerns about a global economic downturn [3]. - Analysts suggest that the current pause in tariff implementation may be temporary, and the underlying issues remain unresolved [3]. Group 3: Fiscal Policy Changes - Trump's proposed large-scale spending and tax cuts may undergo significant modifications in the Senate, reflecting concerns over fiscal sustainability [3]. - The House version of the tax bill is projected to increase federal debt by approximately $3.8 trillion over the next decade, according to the Congressional Budget Office [3]. - The shift in strategy from fiscal conservatism to growth-promoting policies is becoming a consensus view in the market, indicating a long-term downward trend for the dollar [4].