法兴银行：欧元在2026年下半年可能走低

Core Viewpoint - The report by Kit Juckes from Société Générale suggests that the euro to dollar exchange rate may decline in the second half of 2026 due to its recent appreciation outpacing interest rate differentials [1] Summary by Relevant Sections - Exchange Rate Forecast - The euro is expected to drop from the current level of 1.1820 USD to 1.14 USD by the end of 2026 [1] - Interest Rate Dynamics - The recent rise in the euro has been faster than what the two-year interest rate differentials would indicate, a trend that is expected to continue into early 2026 [1] - Market Sentiment - There is a market reluctance to counteract President Trump's desire for a weaker dollar, which may encourage foreign investors to hedge against the risks of dollar depreciation [1]