Reported 2 days ago
The euro is set for its best week in more than a year, gaining approximately 2% to $1.0515 as investors reduce expectations for US interest rate cuts and trade tariffs. This rebound follows a slump driven by concerns over potential tariffs from the new US president on Europe, which have not materialized immediately. With a stronger than anticipated German PMI and adjustments in monetary easing expectations from the European Central Bank, traders are reconsidering their previous bearish positions on the euro, although warnings remain about future tariff risks.
Source: YAHOO