Institution: If tariffs hurt US economic growth, the Euro may rise further.

Candriam analyst Nicolas Jullien stated in a report that due to the negative impact that US tariffs will have on US economic growth, the euro is likely to strengthen further against the US dollar. "Although the potential impact on inflation is more difficult to measure, the damage to demand could be greater than the direct impact of price increases." He said that the end of the theory of American exceptionalism and the loss of confidence in American assets should benefit the euro, as well as Germany's infrastructure and defense spending plans.