Institution: If tariffs hit the rise of the US economy, the euro may rise further.

Candriam analyst Nicolas Jullien stated in a report that the U.S. tariffs will have a significant negative impact on U.S. economic growth, and the euro against the dollar seems likely to strengthen further. "Although the potential impact on inflation is harder to measure, the destruction of demand may be greater than the direct impact of price rises," he said. The end of U.S. exceptionalism and the loss of confidence in U.S. assets should benefit the euro as well as Germany's infrastructure and defense spending plans.

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