Industrial Bank of France Forex strategist Keith Juqs stated in a report that, given the unfavorable short-term interest rate differential, the euro to USD Exchange Rates may need some time to recover. He indicated that Industrial Bank's interest rate forecast shows that in the first half of 2025, the euro to USD Exchange Rates will fluctuate within the range of 1.03-1.06 USD, and will only rise to 1.10 USD in the second half of the year. Improvements in economic growth in the Eurozone, signs of weakness in the US economy, and the clarification of policies from the newly elected US President Donald Trump, may support the euro before the summer of 2025. However, he mentioned, 'We need to be patient.'