Euro May Struggle to Rebound Without Improved Growth Data, Rabobank Warns on June 29

According to Rabobank analyst Jane Foley, the euro may struggle to rebound without significant improvement in eurozone economic activity data, as reported by Jin10 on June 29. Foley noted that market sentiment toward the euro has shifted considerably, with geopolitical tensions dampening growth prospects. She indicated that traders would find it difficult to regain optimism unless eurozone data shows substantial recovery. In contrast, the U.S. dollar is expected to continue gaining support from strong labor market performance, resilient consumer spending, and robust inflows into U.S. equities.
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