Group 1 - The recent performance of the euro against the dollar has been "lackluster," leading to doubts about the sustainability of the rebound, but market sentiment is not as pessimistic as it seems, indicating a potential for further upward movement after adjustments [1] - The Federal Reserve's policy is increasingly perceived as dovish, suggesting a shift towards easing and rate cuts, which diminishes the dollar's attractiveness as investors reassess their expectations for interest rate differentials [1] - Structural issues in the U.S. economy are causing investors to question how long the dollar can maintain its strength, indicating a shift in market sentiment from reliance on the dollar to caution regarding its future performance [1] Group 2 - In the Eurozone, while short-term economic data is not impressive, Germany's plans to increase fiscal spending are seen as a potential game-changer, which could lead to a re-evaluation of the euro's value in the market [3] - If Europe implements more aggressive fiscal policies alongside previous trade progress with the U.S., the euro could be viewed as an asset with recovery potential rather than just a defensive currency [3] - Analysts generally expect the euro to reach 1.20 against the dollar by the end of the year, with potential for further gains in the coming years, which could attract more investment at lower levels [3] Group 3 - The current market atmosphere indicates that while there are risks of a decline for the dollar, the euro is viewed as bullish in the medium to long term, though short-term movements require patience and caution [4] - This period may represent a "prelude to a significant directional change" in the market, suggesting that a more substantial trend may be developing [4]