Trump's fresh trade tensions with Europe over Greenland could shake markets, but here's the thing—the euro might weather the storm better than expected. Why? Because the US is deeply hooked on European capital flows. Deutsche Bank's take: the damage to the euro could be surprisingly muted. The reasoning is solid. Europe remains a critical funding source for American debt and investments. Even if geopolitical friction flares up, Washington needs that capital inflow too much to let tensions spiral into a full trade war. It's a strange equilibrium—both sides holding leverage, but neither wanting to flip the table completely. For traders watching FX and macro trends, this suggests volatility spikes are more likely than sustained directional moves against the euro.