Morgan Stanley saiy the euro may gain strength against the dollar if the EU manages to avoid heavy tariffs from Trump.
- They anticipated that in late 2025, the U.S. will introduce gradual and targeted tariffs on the EU, following the reinstatement of Section 232 tariffs on steel and aluminum.
- However, they believe these targeted measures are unlikely to significantly affect economic growth in the eurozone.
- Morgan Stanley maintains its recommendation to buy the euro, aiming for a target of $1.08.
Anyone making forecasts dependent on what Trump might do probably deserves a bravery medal.
This article was written by Eamonn Sheridan at www.forexlive.com.
