Lates News

Francesco Pesole of the Dutch international group stated that the Euro could come under pressure against non-US dollar currencies after Trump's letter to the EU outlining new tariffs on Thursday. He pointed out that the impact of tariffs on the Euro against the dollar is not clear, as imposing tariffs on the EU could also harm the dollar, offsetting the impact on the Euro. Market expectations are that the EU and US will reach a trade agreement before the new deadline of August 1, which will limit significant fluctuations in the Euro against the dollar. Unless US data significantly deviates from expectations, the Euro against the dollar may continue to fluctuate within the 1.16 to 1.18 dollar range. As of now, the Euro against the dollar has slightly declined by 0.1% to 1.1710 dollars.