MARKET OUTLOOK - EUR/USD is expected to decline to 1.05 by the end of the second quarter.

Chris Turner from ING argues that the market is undervaluing the risk of the U.S. mutual tariffs on the Euro, which will come into effect on April 2. He stated, "The EU, led by Germany, is generating a significant trade surplus with the U.S. and will likely be at the forefront of Washington's efforts to revive global trade alongside China."

The Euro is currently trading at 1.0793 dollars, and ING anticipates it may drop to 1.05 dollars by the end of the second quarter due to these U.S. tariffs.