US-Europe tariff agreement stimulates demand for safe-haven assets, US dollar achieves largest increase since May.
According to the Zhitong Financial APP, the US dollar exchange rate has shown the largest increase since early May, and is expected to achieve the first monthly increase of the year. At the same time, the trade agreement reached between the United States and the European Union has once again sparked concerns about the impact of tariffs on global economic growth. On Monday, the Bloomberg Dollar Spot Index rose 0.8% compared to major similar indices. Despite a significant decline compared to the beginning of the year, the dollar index has risen by 1.5% so far in July.
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