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March 5th, Jinshi Data, Mitsubishi UFJ analyst Derek Halpenny said in a report that after Germany decided to increase defense and infrastructure spending, the prospect of the United States imposing tariffs on the euro area may limit the further pump of the euro. Halpenny said that given the aggressive tone of the future tariff actions of the US President Trump against the European Union, 'we do not believe that the trend of the euro going up will further expand.' 'Euro shorts no longer seem extreme.' The euro rose to a 16-week high of 1.0724 against the US dollar on Wednesday.