Dutch international: Euro rises after tariff ruling, may expand gains.
The Euro rose against the US Dollar as investors are weighing the impact of the Supreme Court overturning most of President Trump's tariffs. In response to the ruling, Trump has implemented a temporary 15% global unified tariff. Chris Turner of ING Group said in a report, "One possible conclusion is that the trade agreement the EU gets will not be worse than the existing agreement, and European exporters have already learned to adapt to this agreement." He stated that if the Ifo Institute for Economic Research shows a significant improvement in business sentiment in Germany, or if the dollar extends its decline, the Euro may receive further support. He mentioned that the Euro could rise to $1.1850-1.1880, and it is currently up 0.3% at $1.1818.
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