Jupiter: It is expected that the Euro will rise by 20% against the US dollar, and is prepared to increase long positions.

Jupiter Asset Management expects that with increased government spending driving economic growth in the Eurozone, the euro to dollar exchange rate will surge by 20% by next year, reaching its highest level in over a decade. The company's fund manager Mark Nash predicts that by early 2026, the euro will rise to $1.30, at which point the European Central Bank is likely to have completed interest rate cuts, while the Federal Reserve has just started to ease monetary policy. He anticipates that by the end of next year, the euro will rise from its current $1.15 to $1.40. "As Europe finally begins to recover and the US economy weakens, the euro will be boosted," Nash said.