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Strategist: The US-EU trade agreement may enhance risk appetite.
Jin10 data reported on July 28, Pepperstone senior market strategist Michael Brown stated that the trade agreement announced by Trump is expected to enhance market risk appetite. He pointed out that "this agreement not only eliminates a key tail risk that the market was previously concerned about, but also further indicates that the current trend is shifting from intense rhetoric to substantive trade cooperation." As for the impact of this agreement on the current financial markets, Brown believes that the Euro Exchange Rate is likely to strengthen as a result, with significant room for rise.