Société Générale: US and European economic data support the euro's trend

According to Jin Ten, FX strategist Kit Juckes from Société Générale pointed out in a report that recent economic data from the U.S. and the Eurozone is generally favorable for the euro's trend. Juckes stated that investors' concerns about U.S. policies and the scale of foreign investment in U.S. assets remain a frequent topic of discussion in the market. He noted that although the interest rate differential is slightly moving in favor of the euro, the current level is far from the extent that drove the euro to break above the 1.2 mark against the dollar in 2020.