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2025-07-30 15:53:58
[If the Eurozone data is weaker than that of the United States, the euro will face a new round of decline] Francesco Pesole of ING said in a report that if the data from the Eurozone and the United States show a clear divergence in economic growth in favor of the US dollar, the euro will face a new round of decline. France announced a second-quarter economic growth rate of 0.3%, which was stronger than expected but the increase was moderate. Germany's second-quarter growth data will be released at 0800 GMT, while the US second-quarter economic growth data will be released at 1230 GMT. Pesole said that if the US data is stronger than the eurozone data, the euro may fall below $1.15. This is consistent with ING's forecast that the euro will weaken in the third quarter and then rebound to $1.18 in the fourth quarter. According to data from the London Stock Exchange Group, the euro rose 0.1% to $1.1560 after hitting a one-month low of $1.1515 on Tuesday.
