Analyst: The recent rise of the euro against the dollar may still be limited and short-lived.

Jin10 data reported on November 5, analysts from Monex Europe stated that the euro has rebounded against the dollar, but due to fluctuations in global risk sentiment, the rise may still be limited and short-lived. They pointed out that risk aversion sentiment after the stock market dumping and concerns about the ongoing U.S. government shutdown drove the earlier rise of the dollar. In addition, the divergence among Fed officials on interest rate issues also suppressed short-term rate cut expectations. Given that the Central Bank of Europe advocated for keeping interest rates unchanged last week, analysts believe the euro will fluctuate within the range of 1.14 to 1.16.