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One platform for global traditional assets
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Golden Ten Data on March 5, Mitsubishi UFJ analyst Derek Halpenny said in a report that the prospect of U.S. tariffs on the eurozone after Germany's decision to increase defense and infrastructure spending could limit further pumping of the euro. Halpenny said that given US President Donald Trump's "aggressive" sound about future tariff actions against the EU, "we do not believe that the trend of the euro will be further expanded." "Euro shorts no longer look extreme." EUR/USD rose to a 16-week high of 1.0724 on Wednesday.