The euro strengthened against the US dollar in recent trading, with Brown Brothers Harriman attributing the recovery to supportive Eurozone economic data that prompted investors to reassess the pair. The move marks a shift after an earlier stretch in which the dollar recovered to a two-week high on DXY, EUR/USD fell for a third consecutive session, and stronger US retail sales and jobless claims plus hawkish Federal Reserve comments cut the CME FedWatch-implied chance of a September quarter-point cut to about 60% from more than 70% a week earlier. Prior eurozone PMI softness and a cautious ECB stance had widened expected monetary-policy divergence in the dollar’s favor, with EUR/USD breaking below its 50-day moving average and technical levels framed around support at 1.0800 and 1.0750 and resistance at 1.0880 and 1.0900. BBH’s analysis adds to a view that the euro may be undervalued relative to fundamentals, though analysts caution that direction still hinges on upcoming data and ECB and Fed signals, alongside fiscal, geopolitical and global growth risks that matter for trade, earnings and portfolios.