Due to the cooling of global market expectations for the Fed's interest rate cut, the euro-dollar exchange rate briefly fell below the 1.02 mark on the 13th, reaching a low of 1 to 1.0178, the lowest since November 2022.

Data from the European Central Bank's official website showed that the reference exchange rate of the euro to the U.S. dollar on the 13th was 1 to 1.0198, a new low since the end of November 2022.

Analysts pointed out that the labor market data released by the United States on the 10th exceeded expectations, driving the continued strength of the U.S. dollar, further suppressing market expectations for the Fed's interest rate cut, which was the direct cause of the decline in the euro-dollar exchange rate that day. The European economic outlook is relatively weak, and the European Central Bank tends to further relax monetary policy to promote economic growth. The gradual increase in the differences in monetary policies between the United States and Europe has led to increasing market concerns that the U.S. government's tariff measures may have an impact on Europe, resulting in a continued decline in the euro-dollar exchange rate in recent days.