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Dutch International: If the ECB is concerned about the strengthening of the euro, the Exchange Rate may fall.
Jin10 data reported on July 24, analysts at ING, Chris Turner, stated in a report that if the European Central Bank expresses concerns about the recent appreciation of the euro during Thursday’s meeting, the euro may weaken. He mentioned in the report that some members of the European Central Bank have publicly spoken out against the rise of the euro, and the Thursday meeting may involve exchange rate comments. “After all, the European Central Bank has been concerned about inflation being below target, and a stronger currency would indeed exacerbate this situation,” Turner said. Given Trump’s sensitivity to exchange rate manipulation, it remains unclear whether the bank believes that exchange rate comments could affect US-EU trade relations.