Deutsche Bank: The euro is expected to rise above 1.2 against the dollar

ChainCatcher news, according to Jinshi reports, LSEG data shows that after the Federal Reserve cut interest rates last week, the euro reached a four-year high of 1.1918 USD. A forex strategist at Deutsche Bank stated in a report that the euro against the dollar is likely to continue its upward trend, expecting it to rise above 1.2, as investors continue to withdraw from the dollar and U.S. assets.