Core Viewpoint - The comments from the European Central Bank (ECB) Vice President, Luis de Guindos, indicate that while the euro's rise above 1.20 against the dollar could complicate matters for policymakers, the current levels are not a cause for concern [1] Group 1 - The ECB Vice President stated that the speed of the euro's increase is more concerning than its current level [1] - Levels around 1.17 or even 1.20 are not seen as problematic and can be overlooked [1] - A rise above 1.20 would lead to more complex situations for the ECB [1]

Core Viewpoint - The level of the euro's exchange rate is not a concern, but the speed of exchange rate fluctuations is more worrisome [1] Group 1 - The European Central Bank's Vice President, de Guindos, emphasizes that the current exchange rate level of the euro is not problematic [1] - Concerns are raised regarding the rapid changes in exchange rates rather than the levels themselves [1]

Group 1 - The trading volume of euro options is slightly below recent average levels according to DTCC data [1] - The euro/GBP increased by 0.5% to 0.8583, while the euro/CHF decreased by 0.2% to 0.9342 [1] - Morgan Stanley's David Adams and his team believe that the euro/USD rally is only halfway completed, driven by both technical and fundamental factors [1] Group 2 - Morgan Stanley forecasts that the euro exchange rate will reach 1.27 USD by the end of 2026, compared to Bloomberg's consensus forecast of 1.20 USD [1]

Core Viewpoint - The European Central Bank (ECB) is in a favorable position, with the Eurozone nearly achieving the 2% inflation target, indicating a stable economic environment [1] Group 1 - The ECB should remain vigilant and pragmatic in its approach to monetary policy [1] - There is a need for swift responses to changing economic conditions when necessary [1] - Decision-making should include an analysis of the Euro exchange rate [1]

欧洲央行副行长de Guindos：低于预期的风险非常有限。 欧元汇率不会成为一个重大障碍。 市场认为欧洲央行非常接近通胀目标。 ...

欧洲央行执委施纳贝尔：欧元汇率走强主要由欧洲的积极信心冲击所推动，而非利差。 ...